Advantage Insurance Prices IPO at $9.00-$11.00 Per Share (AVI)

Advantage Insurance (AVI) expects to raise $100 million in an IPO on Wednesday, December 20th, IPO Scoop reports. The company will issue 10,000,000 shares at a price of $9.00-$11.00 per share.

In the last 12 months, Advantage Insurance generated $25.4 million in revenue and $3 million in net income.

RAYMOND JAMES, JMP Securitie and B. Riley | FBR acted as the underwriters for the IPO.

Advantage Insurance provided the following description of their company for its IPO: ” We are an underwriter of specialty life insurance policies for high net worth individuals, business owners and family groups worldwide. In addition, we provide P&C insurance underwriting services to small and medium-sized businesses. Our goal is to build and maintain a stable base of earnings from insurance underwriting and servicing revenue, including investment income. “.

Advantage Insurance was founded in 2015 and has 43 employees. The company is located at American International Plaza, 250 Muñoz Rivera Avenue, Suite 710, San Juan, PR 00918, US and can be reached via phone at (787) 705-2900 or on the web at http://www.advantagelife.com.

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