Hippo Likely To IPO via Merger

Hippo Insurance is one of those insurtechs I recommend people follow. Why? They have a clear vision, are super customer focused, truly understand the power of data in driving customer experiences. Anyway, it is in negotiations to go public through a merger with special purpose acquisition company (SPAC) Reinvent Technology Partners, that includes Zynga Inc, founder Mark Pincus and LinkedIn co-founder Reid Hoffman as its lead directors, according to a report on Bloomberg. The combined company is set to be valued at more than $5 billion.