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Carrot Doubles Its Capital Through A Successful $90 Million Rights Offering

Jul 02, 2021 - GlobeNewswire

SEOUL, July 02, 2021 (GLOBE NEWSWIRE) -- Carrot General Insurance Corp. (“Carrot” or the “Company”), South Korea’s first digital-only insurance provider, announced Friday that the rights offering (the “Rights Offering”) has been successfully closed with the gross proceeds of ₩100 billion (US $88.7 million). The amount of proceeds equals to the subscription of its rights the company issued for its founding capital back in 2019.

The digital non-life insurer has been a hot...