PriyaPatel
TLDR:
Health In Tech, a stop-loss insurance marketplace, filed for a $10 million IPO offering 2.3 million shares at a price range of $4 to $5. Revenue for the company increased by 16% to $10 million during the six months ended 6/30/2024. The company provides managing general underwriter, program manager, and health intelligence card services. Health In Tech plans to list on Nasdaq under the symbol HIT with American Trust Investment Services as the sole bookrunner.
Key Elements:
- Health In Tech filed with the SEC for a $10 million IPO offering 2.3 million shares.
- Revenue for the company increased by 16% to $10 million in the six months ended 6/30/2024.
- The company offers managing general underwriter, program manager, and health intelligence card services.
- Health In Tech plans to list on Nasdaq under the symbol HIT with American Trust Investment Services as the sole bookrunner.
Health In Tech is looking to raise $10 million through an IPO on the Nasdaq. The company provides stop-loss policy marketplace and services for self-funded benefits plans. During the six months ended 6/30/2024, the company saw a 16% increase in revenue to reach $10 million. The services offered by Health In Tech include managing general underwriter, program manager, and health intelligence card offerings. The company serviced 953 businesses with 19,101 enrolled employees as of 6/30/24. With a fully diluted market value of $261 million at the midpoint of the proposed price range, Health In Tech plans to list under the symbol HIT with American Trust Investment Services as the sole bookrunner on the deal.
