Insurtech company Exzeo targets $2bn valuation in US IPO

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 ...