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Posted on: Dec. 24, 2020, 3:31 p.m.
After merging with a blank-check company, Porch.com is now a billion-dollar company. Despite recurring losses — which prompted accountants to raise red flags in the company’s IPO filing — the home-services startup made its stock market debut on Nasdaq today, with shares opening at $15.37. Even before the opening bell, Porch’s valuation soared to more than double its enterprise value of $523 million in July, when it struck a deal to go public. The company’s The post Porch valuation soars ... Full investment news articleRelevent to this post: Valor Equity Partners Point72 Asset Management,