SelectQuote, which distributes Medicare Advantage and other insurance products, raised $570 million by offering 28.5 million shares (37% from selling shareholders) at $20, above the range of $17 to $19. The company had originally planned to sell 25 million shares; all of the added shares came from selling shareholders. SelectQuote plans to list on the NYSE under the symbol SLQT. Credit Suisse, Morgan Stanley, Evercore ISI, RBC Capital Markets, Barclays, Citi and Jefferies acted as lead managers on the deal.
