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.)

 

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:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change