Sequoia, Accel-backed Ethos Technologies eyes $1.3 billion valuation in US IPO

Jan 20 (Reuters) - Ethos Technologies, backed by venture capital firms ​Accel and Sequoia, said ‌on Tuesday it was targeting a ‌valuation of up to $1.26 billion in its U.S. initial public offering, as the insurance IPO ⁠momentum extends ‌into 2026.

The life insurance technology company and some ‍of its existing shareholders are seeking up to $210.5 million by selling 10.5 ​million shares priced between $18 and $20 ‌apiece.

First-time share sales from insurance companies hit a 20-year high on Wall Street in 2025 as investors flocked to firms ⁠insulated from U.S. ​President Donald Trump's ​trade war.

Goldman Sachs and J.P. Morgan are the lead ‍book-running ⁠managers for the offering. Ethos will list on the Nasdaq ⁠under the symbol "LIFE".

(Reporting by Arasu Kannagi ‌Basil in Bengaluru; Editing ‌by Vijay Kishore)