SelectQuote Readies IPO

Online insurance broker SelectQuote, which is based in Overland Park, is preparing for an IPO to raise $475 million with a stock price in the range of $17 to $19.

MarketWatch reports it could place the value of the company at $3.1 billion.

SelectQuote reported “net income of $72.6 million on revenue of $337.5 million for the fiscal year ended June 30, 2019, up from net income of $34.9 million on revenue of $233.7 million in the year-ago period.”