Oct 16 (Reuters) - Insurance technology firm Exzeo Group

said on Thursday it was targeting a valuation of up to $2

billion in its U.S. initial public offering, becoming the latest

company to proceed with its listing plans despite the ongoing

government shutdown.

With no resolution in sight for the federal government

shutdown, corporate issuers are increasingly turning to the

rarely used 20-day rule to pursue IPOs.

Travel tech firm Navan and electric aircraft maker Beta

Technologies have also launched their IPO roadshows in the past

week.

Exzeo is aiming to raise as much as $176 million in its IPO

by offering 8 million shares priced between $20 and $22 apiece.

The Tampa, Florida-based company will list on the New York

Stock Exchange under the symbol "XZO".

Parent HCI Group ( HCI ) will continue to own 81.5% shares

of Exzeo after the IPO.

Truist Securities, Citizens Capital Markets and William

Blair are the joint bookrunning managers for the offering.