Neptune Insurance Holdings has launched its US initial public offering (IPO) with the intention of raising up to $368.4m. The IPO is expected to be priced between $18 and $20 per share by offering 18.42 million shares. The insurer is seeking a valuation of up to $2.76bn in the offering, reported Reuters. Earlier this month, the company filed a registration statement with the US Securities and Exchange Commission to list on the New York Stock Exchange (NYSE) under the ticker symbol 'NP'. The selling sec ...

Group 1 - Neptune Insurance Holdings plans to raise $350 million through an IPO by offering 18.4 million shares priced between $18 and $20, with all shares being secondary market offerings [1][2] - The company has secured cornerstone investors T. Rowe Price and Alliance Bernstein, who have committed to purchase $75 million worth of shares, representing 21% of the total offering [1] - If priced at the midpoint of the offering range, Neptune Insurance's fully diluted market capitalization would reach $2.8 billion [1] Group 2 - Neptune Insurance operates as a data-driven managing general agent (MGA) focused on providing flood risk mitigation solutions for homeowners and businesses [1][2] - The company does not assume any insurance risk on its balance sheet and does not handle claims processing for the policies it sells [2] - Neptune Insurance was founded in 2017 and reported revenue of $137 million for the 12 months ending June 30, 2025 [2]

(Reuters) -Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the flood insurance provider are targeting to raise up to $368.4 million by offering 18.4 million shares priced between $18 and $20 apiece. The St. Petersburg, Florida-based company joins a growing roster of insurance firms that have tapped public markets since May, with some calling it a "breakout year" ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initi ...