Orion180 Insurance Group Inc. announced its IPO, offering 20 million shares at $12.00 each, starting September 18, 2026.
Quiver AI Summary
Orion180 Insurance Group Inc., a prominent provider of flexible homeowners and flood insurance, has announced the pricing of its initial public offering (IPO) consisting of 20 million shares of Class A common stock at $12.00 per share. The underwriters have been given a 30-day option to purchase an additional 3 million shares. The shares are set to begin trading on the Nasdaq under the ticker symbol "OIG" on September 18, 2026, with the offering expected to close on September 21, 2026, pending customary conditions. RBC Capital Markets, UBS Investment Bank, and Raymond James are the lead underwriters, with several others also involved. Founded in 2018, Orion180 has rapidly grown to become the second-largest E&S homeowners insurance provider in the U.S. and emphasizes innovation and data-driven decision-making in its operations.
Potential Positives
- Orion180 has successfully priced its initial public offering at $12.00 per share for 20,000,000 shares, indicating strong market confidence in the company's valuation.
- The company has been authorized to list its shares on the Nasdaq Global Select Market under the ticker symbol "OIG," enhancing visibility and access for potential investors.
- Orion180 has demonstrated significant growth by becoming the second largest excess and surplus lines homeowners insurance provider in the U.S. by direct written premiums since its inception in 2018.
- The offering includes an option for underwriters to purchase an additional 3,000,000 shares, which could further increase capital and investor interest in the company.
Potential Negatives
- Initial public offering price of $12.00 per share may indicate a lower valuation compared to expectations, potentially signaling concerns about the company's perceived market value.
- Market conditions and investor sentiment at the time of the IPO may be risky, which could impact the stock's performance post-offering.
- The issuance of additional shares through an underwriters' option could dilute existing shareholders' equity.
FAQ
What is Orion180's IPO date and share price?
Orion180's IPO is set for September 18, 2026, with an initial share price of $12.00.
How many shares are being offered in Orion180's IPO?
Orion180 is offering 20,000,000 shares of Class A common stock in its IPO.
Who are the underwriters for Orion180's IPO?
The lead underwriters are RBC Capital Markets, UBS Investment Bank, and Raymond James.
Where will Orion180 stock be listed?
Orion180's shares will be traded on the Nasdaq Global Select Market under the ticker symbol "OIG."
How can I obtain the prospectus for Orion180's IPO?
The prospectus can be requested from RBC Capital Markets, UBS Securities, or Raymond James.
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., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Orion180 Insurance Group Inc. ("Orion180"), a leading provider of flexible, customer-centric homeowners and flood insurance solutions, today announced the pricing of its initial public offering of 20,000,000 shares of its Class A common stock, at an initial public offering price of $12.00 per share. In addition, Orion180 has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker symbol "OIG." The offering is expected to close on September 21, 2026, subject to customary closing conditions.
RBC Capital Markets, UBS Investment Bank and Raymond James are acting as lead book-running managers, and Goldman Sachs & Co. LLC, Deutsche Bank Securities, Citizens Capital Markets and Texas Capital Securities are acting as book-running managers for the offering.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the 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 at [email protected] .
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, Orion180 has 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. Orion180's 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 proprietary, end-to-end MY180 platform, (iii) ease of doing business, and (iv) long-term partnerships with 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. Investors:
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Orion180 Insurance Group Inc. Media:
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