Insurance tech firm Exzeo raises $168 million in US IPO
Government
Insurance technology firm Exzeo Group raised $168 million in its U.S. initial public offering on Tuesday, pricing its shares within its marketed range and becoming the latest insurance company to proceed with its listing plans. The Tampa, Florida-based company sold 8 million shares priced at $21 apiece in the IPO, compared with its marketed range of $20 and $22, giving it a potential valuation of about $1.91 billion. Exzeo's parent company, HCI Group, will retain an 81.5 per cent stake
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