ethos Technologies Launches IPO, Signaling potential Shift in Insurtech Market
San Francisco-based Ethos Technologies began trading on the Nasdaq on Thursday, January 29, 2026, raising approximately $200 million in it’s initial public offering.The IPO, with 10.5 million shares sold at $19 each under the ticker symbol “LIFE,” is being closely monitored as a potential indicator for the 2026 tech IPO cycle.
ethos operates a three-sided platform connecting consumers, independent agents, and insurance carriers. Consumers can purchase life insurance policies online in approximately 10 minutes without requiring medical exams. The company states that over 10,000 independent agents utilize its software for sales, and carriers such as Legal & General America and John Hancock rely on Ethos for underwriting and administrative support. Ethos functions as a licensed agency, earning commissions on policy sales rather than acting as an insurer itself.
Despite closing its first day of trading at $16.85, an 11% decrease from its $19 IPO price, Ethos co-founders Peter Colis and Lingke Wang have successfully scaled their 10-year-old business to a public market presence. Colis noted to TechCrunch that when the company launched, it was one of nine similar life insurtech startups with comparable Series A funding, with most of those companies having as pivoted, been acquired at a smaller scale, or remained sub-scale.
