Orion180 Insurance Group has filed for an IPO of its Class A common stock, seeking Nasdaq listing under "OIG."
Quiver AI Summary
Orion180 Insurance Group Inc., a prominent provider of adaptable homeowners and flood insurance solutions, has announced its intention to launch an initial public offering (IPO) of its Class A common stock by filing a registration statement with the SEC. While the exact number of shares and pricing details are yet to be determined, the company aims to list its shares on the Nasdaq Global Select Market under the ticker symbol "OIG." The IPO will be managed by several financial institutions, including RBC Capital Markets and UBS Investment Bank. Orion180, founded in 2018, has rapidly become a key player in the specialty insurance sector, offering various insurance products through a broad network of independent agents. The company emphasizes innovation and data-driven decision-making, operating from its headquarters in Melbourne, Florida, with additional offices in Texas and Utah.
Potential Positives
- Orion180 announced the filing of a registration statement with the SEC for a proposed initial public offering, indicating a significant step towards raising capital and expanding its market presence.
- The company aims to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "OIG," which could enhance visibility and credibility among investors.
- The engagement of established investment banks such as RBC Capital Markets, UBS Investment Bank, and Raymond James as lead managers signals strong confidence in the company's growth potential and offers access to a wide investor base.
- Orion180 has rapidly grown to become the second largest E&S lines homeowners insurance provider in the U.S., reflecting its strong market position and potential for further growth through the IPO.
Potential Negatives
- The filing of the Form S-1 registration statement indicates that the company is seeking to go public, which may imply a need for additional capital and could reflect challenges in sustaining growth through existing operations.
- The press release does not provide specific details about the number of shares to be offered or the price range, which may lead to uncertainty among potential investors.
- There is a potential risk of stock volatility once the company goes public, as shares may be subject to fluctuating market conditions and investor sentiment.
FAQ
What is Orion180 Insurance Group planning to do?
Orion180 is planning an initial public offering (IPO) of its Class A common stock.
Where will Orion180's stock be listed?
Orion180 has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "OIG."
Who are the underwriters for the offering?
RBC Capital Markets, UBS Investment Bank, and Raymond James are the lead book-running managers for the offering.
When will the IPO registration statement become effective?
The registration statement has been filed but has not yet become effective; sales may not occur until it does.
How can I obtain the preliminary prospectus?
The preliminary prospectus can be requested from RBC, UBS, or Raymond James via phone or email.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
MELBOURNE, Fla., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Orion180 Insurance Group Inc. ("Orion180"), a leading provider of flexible, customer-centric homeowners and flood insurance solutions, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Orion180 has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "OIG."
RBC Capital Markets, UBS Investment Bank and Raymond James will act as lead book-running managers, and Goldman Sachs & Co. LLC, Deutsche Bank Securities, Citizens Capital Markets and Texas Capital Securities will act as book-running managers for the proposed offering.
The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281, by phone at 1-877-822-4089, or by email: [email protected]; UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, NY 10010, by phone at 1-888-827-7275, or by email: [email protected]; or Raymond James & Associates, Inc., Attention: Prospectus Department, 880 Carillon Parkway, St. Petersburg, FL 33716, by phone at 1-800-248-8863, or by email: [email protected].
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Orion180 Insurance Group Inc.
Orion180 Insurance Group Inc. (Orion180) is a founder-led technology-focused, high growth, high-margin specialty insurance group delivering innovative insurance solutions with a growing footprint across the United States. Since beginning operations in 2018, they have organically grown to become the second largest excess and surplus (“E&S”) lines homeowners insurance provider in the United States by direct written premiums with a presence in 14 states. Their diverse product offerings across E&S and admitted homeowners’ insurance, private flood insurance, and a range of ancillary products are distributed through a network of more than 14,000 active independent agents as of June 30, 2026.
Orion180’s business is built on four core principles: (i) a relentless focus on innovation, (ii) real-time, data-driven decision making through their proprietary, end-to-end MY180 platform, (iii) ease of doing business, and (iv) long-term partnerships with their distribution providers and reinsurance partners. Headquartered in Melbourne, Florida, Orion180 also has an office in Irving, Texas and a Service Center in Salt Lake City, Utah.
Orion180 Insurance Group Inc. Media:
Corporate Communications
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