Ethos Technologies Corp. (LIFE) surged 5.34% in post-market trading on Thursday, following its debut on the Nasdaq exchange earlier in the day.

The insurance technology company completed its initial public offering, opening at its IPO price of $19 per share and achieving a valuation of approximately $1.2 billion. The after-hours gain reflects building investor interest following the listing. The U.S. IPO market has shown a broad recovery, with strong investor risk appetite and record-high equity markets reviving deal activity. Furthermore, the life insurance sector has attracted investors due to its steady recurring revenue and durable consumer demand.

Ethos, backed by venture capital firms Accel and Sequoia, reported it has activated more than 500,000 policies through its platform, which streamlines the buying and risk management of life insurance. The company's CEO highlighted a simplified 10-minute online purchase process. Insurance IPOs reached a 20-year high in 2025, and analysts note the industry's resilient nature continues to attract investment.