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

Bloomberg:
Online auto insurance provider Root raises $724M in IPO, with shares closing the day at $27, giving it a market valuation of $6.8B  —  Auto insurance platform Root Inc. opened below it's initial public offering price, then rose as much as 9.2% during the day before closing flat in its trading debut.



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