Core Viewpoint - Exzeo Group, a spin-off from HCI Group, raised $168 million by issuing 8 million shares at $21 each, with a fully diluted market capitalization of $2 billion [1] Company Overview - Exzeo Group provides insurance technology solutions for property and casualty insurers and their agents through its proprietary Exzeo platform, which includes 9 software and data analytics applications [1] - The platform supports various functions such as quoting and underwriting, policy management, claims management, data and analytics, reporting, and financial management [1] - Exzeo currently serves clients in 13 states and holds insurance agent or managing general agent licenses in 29 states, managing over $1.2 billion in effective premiums [1] Financial Performance - Founded in 2012, Exzeo reported a revenue of $182 million for the 12 months ending June 30, 2025 [1] - The company plans to list on the New York Stock Exchange under the ticker symbol XZO [1] Transaction Details - The offering was underwritten by Truist Securities, Citizens JMP, and William Blair [1] - On its first day of trading, Exzeo Group's stock closed down 2.38% at $20.51 [1]
财产和意外保险分析平台Exzeo(XZO.US)IPO定价21美元 上市首日盘后遭破发