Digital Car Insurer Metromile To Go Public Through Merger With INSU II
PYMNTS
NOVEMBER 24, 2020
The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.
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