EVER recent IPO that acts as a distribution platform for third party insurance providers
EVER Q1/18 revs grew 28% YOY
If we assume a FY18 growth rate of 15%, it's trading at 2.78x EV/FY18 Revs. DBX is an example of a recent tech ipo that is trading at a much higher multiple, 10x EV/FY18 Revs.
By this measure, the EVER IPO is a comparative value.
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