Midwest Holding
General Information | |
Business: | (Note: This is not an IPO. This is a step-up, or an uplift, to the NASDAQ from the OTCQB. IPOScoop has a “No Call” rating on this deal because it is a step-up or uplift deal, also known as an up-listing. Total revenue and net income figures are consolidated GAAP figures for the last 12 months, based on financial information in the prospectus.) We are a rapidly growing financial services company focused on providing technology-enabled and services-oriented solutions to distributors and reinsurers of annuity and life insurance products in the United States. We utilize our technology platform and insurance company capabilities supported by reinsurance to develop and distribute what we believe to be competitive insurance products through third-party independent marketing organizations (“IMOs”). (Note: The Midwest Holding public offering was priced at $70, the bottom of its $70-to-$74 range, and 1 million shares were sold, matching the number in the prospectus.)
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Industry: | Life Insurance |
Employees: | 41 |
Founded: | 2003 |
Contact Information | |
Address | 2900 South 70th Street, Suite 400 Lincoln, Nebraska 68506 |
Phone Number | (402) 489-8266 |
Web Address | http://www.midwestholding.com/ |
View Prospectus: | Midwest Holding |
Financial Information | |
Market Cap | $269.28mil |
Revenues | $12.8 mil (last 12 months) |
Net Income | $1.6 mil (last 12 months) |
IPO Profile | |
Symbol | MDWT |
Exchange | NASDAQ |
Shares (millions): | 1.0 |
Price range | $70.00 - $70.00 |
Est. $ Volume | $70.0 mil |
Manager / Joint Managers | Piper Sandler |
CO-Managers | JMP Securities |
Expected To Trade: | 12/17/2020 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |