Mobile-only auto insurer.
Alex Timm (CEO)
Dan Manges (CTO)
Root’s common stock is expected to begin trading on the Nasdaq Global Select Market on October 28, 2020, under the ticker symbol ROOT.
Goldman Sachs & Co. LLC, Morgan Stanley, Barclays, and Wells Fargo Securities will act as lead bookrunners for the proposed offering.
The company's DWP grew from $106.4 million in 2018 to $451.1 million in 2019.
Telematics OnDemand is built to collect and deliver normalized telematics data from US automakers, mobile apps, as well as third-party services that participate in the LexisNexis Telematics Exchange.
In the coming weeks, GasBuddy users who opt-in to the "Drives powered by Root" program will receive notifications on their driving behavior, and tips to improve their gas mileage and lower their driving risk profile.