BUZZ-Ethos Technologies rises as IPO research quiet period ends

Citigroup Inc. 0.00% Pre
Bank of America Corp 0.00% Pre
Ethos Technologies 0.00% Pre

Citigroup Inc.

C

106.59

106.99

0.00%

+0.38% Pre

Bank of America Corp

BAC

47.90

47.82

0.00%

-0.17% Pre

Ethos Technologies

LIFE

13.24

13.24

0.00%

0.00% Pre

** Insurance platform Ethos Technologies' LIFE.O shares jump 8.3% to $11.70 as IPO research quiet period ends

** J.P. Morgan, William Blair, BofA Global Research, Deutsche Bank, Citizens, Citigroup, and Barclays initiate coverage on LIFE

** Analysts say the stock is compelling at its current valuation, and see room for LIFE to grow

** "Ethos carries a first-mover advantage as the first major online life insurance provider. We think Ethos can gain share in the $12.6 billion life TAM for many years given it has just 2.5% of the market, and with the vast majority of such policies still sold through agents" - BofA

** LIFE went public in New York last month after selling 10.5 million shares in IPO priced at $19 apiece

** Goldman Sachs and J.P. Morgan led a nine-member underwriting syndicate for Ethos IPO

** As of last close, LIFE shares down 43.2% since January debut


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