Backed by venture capital firm Sequoia Capital and Axa Partners, Ethos Technology stated on Tuesday that it is targeting a valuation of up to $1.26 billion for its U.S. initial public offering (IPO). This comes as the wave of insurance company listings continues into 2026.

The life insurance technology company plans to issue 10.5 million shares, alongside some existing shareholders, at a price range of $18 to $20 per share, aiming to raise a maximum of $210.5 million.

In 2025, the scale of new insurance stock issuances on Wall Street in the U.S. hit a 20-year high. At that time, investors were eagerly pursuing insurance companies that could sidestep the impact of the trade wars initiated by U.S. President Trump.

Goldman Sachs and J.P. Morgan are the lead underwriters for this IPO. Ethos Technology will list on the Nasdaq exchange under the ticker symbol 'LIFE'.