Advantage Insurance (AVI) to Raise $100 Million in IPO
In the last twelve months, Advantage Insurance generated $25.4 million in revenue and $3 million in net income.
RAYMOND JAMES, JMP Securitie and B. Riley | FBR served 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.
Receive News & Ratings for Advantage Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Insurance and related companies with MarketBeat.com's FREE daily email newsletter.