Ethos was backed by a who's who of VCs and celebs through 2021. It is currently profitable, it says.

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Ethos Technologies, a life insurance software company, has priced its IPO at $18-20 per share, targeting a $1.26 billion valuation and raising approximately $102.6 million. The company, backed by major VCs including Sequoia, Accel, GV, and SoftBank, reached a $2.7 billion valuation in 2021 after raising $400 million. Ethos is currently profitable, generating $278 million in revenue and $46.6 million in net income in the nine months ending September 2025, and is expected to become one of the first tech IPOs of 2026.

One-time hot insurance tech Ethos poised to be first tech IPO of the year