US-based insurance technology company Exzeo Group is eyeing a valuation of up to $2bn through an initial public offering (IPO) in the US. The company aims to raise approximately $176m by issuing eight million shares priced between $20 and $22 each. As the federal government shutdown shows no sign of ending, some corporate issuers are invoking the seldom-used 20-day rule to move forward with IPOs, reported Reuters. Last week, the Securities and Exchange Commission (SEC) loosened rules to make IPOs easier ...

Core Viewpoint - HCI Group, Inc. has announced the IPO launch of its subsidiary Exzeo Group, Inc., retaining majority ownership post-IPO [1] Group 1: IPO Details - Exzeo is offering 8.0 million shares of common stock in the IPO, all of which are primary shares [1] - The IPO price is expected to be between $20.00 and $22.00 per share [3] - Exzeo has applied to list its common stock on the New York Stock Exchange under the ticker symbol "XZO" [3] Group 2: Underwriter Information - Exzeo intends to grant underwriters a 30-day option to purchase up to an additional 1.2 million common shares at the IPO price, less underwriting discounts and commissions [2] - Truist Securities is acting as lead left bookrunner, with Citizens Capital Markets and William Blair as joint active book-running managers, and Fifth Third Securities as a co-manager [3]

Core Viewpoint - HCI Group, Inc. announced the IPO of its subsidiary Exzeo Group, Inc., offering 8 million shares priced between $20.00 and $22.00 per share, with HCI retaining majority ownership post-IPO [1][2]. Group 1: IPO Details - Exzeo is offering 8,000,000 primary shares in its IPO, with an additional 1,200,000 shares available for underwriters [1]. - The expected IPO price range is between $20.00 and $22.00 per share [1]. - The registration statement is anticipated to become effective on November 4, 2025, unless further action is taken by the SEC [2]. Group 2: Underwriters - Truist Securities is the lead left bookrunner for the offering, with Citizens Capital Markets and William Blair as joint active book-running managers, and Fifth Third Securities as a co-manager [3]. Group 3: Company Overview - HCI Group operates through two units: one includes insurance companies and a reinsurance company, while the other, Exzeo Group, focuses on insurance technology using advanced algorithms and data analytics [6]. - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are part of the Russell 2000 and S&P SmallCap 600 Index [7].

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 ...