What is Hippo insurance?

Hippo insurance products are available to more than 80 percent of U.S. homeowners in 37 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies.

Will Hippo holdings hold an IPO?

Hippo Holdings Inc., a home insurance group, has completed its previously announced business combination with Reinvent Technology Partners Z, a publicly traded special purpose acquisition company SPAC, for the purpose of holding an initial public offering. The new company is expected to have a $5 billion valuation once Hippo holds its IPO.

What is Hippo's valuation?

The new company is expected to have a $5 billion valuation once Hippo holds its IPO. Hippo expects to raise $550 million from the IPO. The money that Hipppo brought in could have been much higher, but $192 million was returned to investors.