Ethos Technologies, a San Francisco-based life insurance technology company, is seeking to raise up to $210.5 million through a proposed initial public offering (IPO), the company announced Tuesday.
The offering is expected to include 10.5 million shares priced between $18 and $20 per share, with 5,127,696 shares being sold by Ethos and 5,398,619 shares offered by existing shareholders.
Based on the anticipated price range, the company’s fully diluted valuation could reach approximately $1.26 billion.
Ethos plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LIFE.”
Goldman Sachs and JPMorgan are acting as lead book-running managers, while BofA Securities, Barclays, Citigroup, and Deutsche Bank Securities are serving as additional book-running managers. Citizens Capital Markets, William Blair, and Baird are co-managers.
Ethos, backed by venture capital firms Accel and Sequoia, previously filed IPO paperwork in late September 2025 but did not proceed with the listing that year due to the prolonged US government shutdown.
Founded in 2016 by Peter Colis and Lingke Wang, Ethos operates a digital platform designed to streamline life insurance distribution, underwriting, policy issuance, payments, and administration.
The company has issued more than 480,000 policies and reported $183.7 million in revenue for the first half of 2025, a 55% increase from the same period a year earlier. For the 12 months ended September 30, 2025, Ethos reported revenue of $344 million.