Renaissance Capital logo

Metromile (INSU Acquisition II) Priced, Nasdaq: MILE

Second blank check company formed by Cohen & Company and targeting the insurance industry (completed 2/9/2021).

Industry: SPAC

First Day Return: +2.6%

We are a blank check company formed in 2018. We currently intend to concentrate our efforts on identifying businesses providing insurance or insurance related services, with particular emphasis on insurance distribution businesses, regulated insurance or reinsurance businesses, and insurance related technology businesses. We are not, however, required to complete our initial business combination with an insurance business. While we may pursue a business combination outside of that industry, we believe a focus on the insurance sector best combines the expertise and experience of our management team with a sector that offers attractive investment opportunities. We will seek to capitalize on the significant insurance experience and contacts of John M. Butler, our President and Chief Executive Officer, Daniel G. Cohen, the Chairman of our Board of Directors, and the other members of our Board of Directors, to identify, evaluate, acquire and operate a target business. Cohen & Company, the parent of Cohen & Company LLC, the manager of our sponsor, managed approximately $2.65 billion as of March 31, 2020 in fixed income assets in a variety of assets classes including U.S. and European trust preferred securities, subordinated debt and corporate loans.
IPO Data
IPO Date 09/02/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $200
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Philadelphia, PA, United States
Founded 2018
Employees at IPO 2
Website cohenandcompany.com

Metromile (INSU Acquisition II) (MILE) Performance

Created with Highcharts 10.3.2Chart context menuMILE vs. IPO Index (IPOUSA)Oct '20Jan '21Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25-50%0%+ 50%-100%+ 100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index