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Insurance tech firm Exzeo raises $168 million in US IPO
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Insurance tech firm Exzeo raises $168 million in US IPO
Nov 4, 2025 4:29 PM

Nov 4 (Reuters) - 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%

stake following the offering.

U.S. IPO activity has rebounded strongly after an earlier

slowdown triggered by U.S. President Donald Trump's shifting

trade policies and broader market volatility.

Investor appetite for new listings has improved, but the

recent government shutdown has caused short-term delays in the

IPO pipeline.

Exzeo joins a string of insurance firms that have gone

public this year, including Accelerant and Neptune Insurance,

both of which were well-received on their debut.

Exzeo was established in 2012 and provides insurance

technology and operational solutions through its proprietary

platform, offering software and analytics tools for property and

casualty insurers to streamline underwriting, claims, and policy

management.

The company will list on the New York Stock Exchange under

the symbol "XZO". Truist Securities, Citizens Capital Markets

and William Blair were the joint bookrunning managers for the

offering.

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