On-line auto insurance coverage supplier Root raises $724M in IPO, with shares closing the day at $27, giving it a market valuation of $6.8B (Bloomberg)

Bloomberg:

On-line auto insurance coverage supplier Root raises $724M in IPO, with shares closing the day at $27, giving it a market valuation of $6.8B  —  Auto insurance coverage platform Root Inc. opened under it is preliminary public providing value, then rose as a lot as 9.2% through the day earlier than closing flat in its buying and selling debut.