Digital Car Insurer Metromile To Go Public Through Merger With INSU II
PYMNTS
NOVEMBER 24, 2020
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. Morgan Securities, Wells Fargo and Northland Capital Markets. Morgan served as financial adviser to Metromile on the deal.
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