By Amber Deter The Metromile IPO is the latest investment opportunity in the auto insurance industry. The company announced on November 24 its plans to go public. Now, investors want to know when to expect Metromile stock.
But is Metromile a good investment opportunity? Here’s what we know…
Metromile IPO: Business
David Friedberg founded Metromile in 2011. It’s a car insurance startup offering pay-per-mile (PPM) insurance. Under the leadership of CEO Dan Preston since 2014, Metromile is one of the leading PPM car insurance companies. It’s disrupting the $280 billion auto insurance industry in the U.S market. The company says two-thirds of U.S. drivers are low-mileage …read more
