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SelectQuote Surges After Raising $570 Million in Expanded IPO

US-STOCKS-MARKETS

Photographer: Johannes Eisele/AFP via Getty Images

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SelectQuote Inc., a platform that allows consumers to compare insurance policies, jumped as much as 41% after the company and its existing shareholders raise $570 million in its upsized U.S. initial public offering

Shares of the Overland Park, Kansas-based company opened at $26.20 on Thursday. A total of 28.5 million shares, including both primary and secondary, were sold for $20 each Wednesday after the offering earlier targeted a sale of 25 million shares at $17 to $19 apiece.