Hippo and Doma suffer heavy redemptions from SPAC investors
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Hippo and Doma suffer heavy redemptions from SPAC investors

Bernard Goyder
August 04, 2021
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Hippo Doma blank check NYC.jpg

The vast majority of shareholders in the holding companies that now control Hippo and Doma have chosen to get their money back rather than continue owning the InsurTechs’ equity, in a blow to both carriers’ management teams, an analysis of SEC filings reveals.

Both special purpose acquisition corporation (SPAC) transactions have relied on capital promised by private investment in public equity (PIPE) investors to get the deals over the line, making Hippo and Doma highly illiquid stocks, with nearly all investors subject...

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Topics

NewsInsurTechIPOs
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Bernard Goyder
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