Company Overview - Neptune Insurance Holdings is the largest private flood insurance provider in the U.S. and has recently debuted on the New York Stock Exchange under the ticker symbol "NP" [1] - The company successfully sold over 18 million shares at $20 each during its initial public offering [1] Market Context - The IPO timing is significant as it coincides with a government shutdown, which has halted the National Flood Insurance Program (NFIP) from accepting new applications or processing claims [1] - The shutdown is expected to delay real estate closings, impacting buyers who require flood insurance for certain mortgages [2] Industry Trends - There is a growing trend among U.S. property owners opting for private flood insurance over government-provided options [3]