Exzeo Group common stock
Search documents
HCI Group's Exzeo Group Launches IPO For 8 Mln Common Stock
RTTNewsยท 2025-10-16 13:37
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]