Back to Industry News
Fintech
Reuters: Exzeo Group's IPO Raises $168 Million for Insurance Technology
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by JOSHUA COLEMAN on Unsplash
TL;DR
Exzeo Group finalized its U.S. IPO, generating $168 million by pricing 8 million shares at $21 each, projecting a market valuation of $1.91 billion. HCI Group retains 81.5% ownership of Exzeo, which will trade on the NYSE under the ticker XZO, providing software for property and casualty insurers.
Stay updated on stories like this
Key takeaways
- Insurance technology firm Exzeo Group successfully completed its U
- initial public offering, raising $168 million
- The company priced 8 million shares at $21 each, falling within the anticipated range of $20 to $22
Insurance technology firm Exzeo Group successfully completed its U.S. initial public offering, raising $168 million. The company priced 8 million shares at $21 each, falling within the anticipated range of $20 to $22. This pricing establishes a potential market valuation for Exzeo Group of approximately $1.91 billion.
Following the IPO, HCI Group, Exzeo's parent company, will maintain an 81.5% ownership stake. Exzeo, which offers software and analytics solutions to property and casualty insurers, will be listed on the NYSE under the ticker symbol XZO.
Related Topics
Exzeo GroupIPOinsurance technologyNYSEHCI Group
Never miss stories like this
Verified mention available
Free to claim
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Set up alerts Takes under 1 minute • Verified manually