Sequoia, Accel-backed Ethos Technologies eyes $1.3 billion valuation in US IPO

FILE PHOTO: The Wall street sign hangs outside the New York Stock Exchange (NYSE) building in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton/File Photo

Jan 20 (Reuters) - Ethos Technologies, ‌backed by venture capital firms Accel and Sequoia, said on ‌Tuesday it was targeting a valuation of up to $1.26 ‌billion in its U.S. initial public offering, as the insurance IPO momentum extends into 2026.

The life insurance technology company and some of its existing shareholders are seeking ‍up to $210.5 million by selling 10.5 million ‍shares priced between $18 and $20 apiece.