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The company has started seeking bank proposals for the share sale, which is anticipated to take place next year. However, the specifics of this arrangement have yet to be finalized.
Bolttech operates an insurance marketplace that manages over 700 global distribution partners and oversees $55 billion in quoted premiums annually. This robust network contributes to the firm’s strong market position and its substantial valuation.
The company’s recent funding activities have also been successful. In its latest series B funding round, Bolttech secured $246 million. LeapFrog Investments, a prominent investor in growth-stage companies in emerging markets, made a significant contribution during this round.
The planned IPO and the successful funding round underscore Bolttech’s growth trajectory and its ambition to expand further in the insurtech sector. The specifics of the IPO, including its exact date and pricing, remain fluid and will be determined based on market conditions and other relevant factors.
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