Tiptree is currently sitting at ~$14 and is going to ~17 dollars through their subsidiary company Fortegra IPO at ~$15 a share for 8.9 million shares. With an 80% stake in Fortegra this will add a straight 100m to the market cap of TipTree. With a marketcap currently at 450m with 30m outstanding shares this would add ~$3 dollars to the stock price. I believe we will see TIPT going up through Friday and there is still time to get in.
This is my opinion and not financial advice.
This is my opinion and not financial advice.