SelectQuote Shares Surge After Strategic Investment

Dow Jones
11 Feb

SelectQuote shares surged 50% in Tuesday trading a day after it secured a $350 million investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.

Over the last year, the stock is up 172%.

The insurance company on Monday said the transaction, expected to close Feb. 28, would allow it to grow both its healthcare business and healthcare services marketplaces, as well as deepen its relationship with carrier partners.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10