#United States #St. Petersburg #Class A Shares #IPO #Neptune Flood

Neptune Insurance Holdings Inc. Launches Initial Public Offering

Neptune Insurance Holdings Inc., the parent company of Neptune Flood, has officially announced the pricing for its initial public offering (IPO).

On September 30, 2025, the company revealed that it will sell 18,421,053 shares of Class A common stock at an offering price of $20.00 per share. This offering opens a new chapter for Neptune as it prepares to make its shares available for trading on the New York Stock Exchange under the ticker symbol "NP" starting October 1, 2025. With an anticipated close on October 2, 2025, this public offering is a milestone for the organization, showcasing its growth and the demand for its innovative services.

Furthermore, the underwriters have been granted a 30-day option to acquire an additional 2,763,157 shares at the initial public offering price. The lead left bookrunner for the offering is Morgan Stanley, alongside other notable financial institutions like J.P. Morgan and BofA Securities acting as active bookrunners. A number of firms, including Goldman Sachs, Evercore ISI, and Deutsche Bank, are participating as joint bookrunners, which signifies a robust interest and trust in the company’s future.

Neptune Insurance Holdings was founded in 2018 and has made significant strides as a data-driven managing general agent, offering a diverse range of insurance products, particularly focused on residential and commercial flood insurance. Utilizing proprietary artificial intelligence and advanced data science, Neptune has developed an efficient platform that allows for quick, accurate underwriting and policy issuance without the need for traditional human underwriters.

As the need for robust insurance solutions grows, especially in areas prone to flooding, Neptune stands out as a modern solution tailored to meet those demands. By leveraging technology, the company is not only providing accessibility but also enhancing the customer experience when securing necessary coverage for properties throughout the United States.

The offering is available solely through a prospectus, which can be accessed by visiting the SEC’s EDGAR database. Interested investors can also receive copies of the prospectus through the offices of Morgan Stanley, J.P. Morgan, or BofA Securities. However, it’s important to note that this announcement does not constitute an offer or solicitation for these securities—such transactions can only occur in jurisdictions where they are legally permitted.

In conclusion, as Neptune prepares for its public listing, the company is set to embark on a strategic growth phase that could expand its market reach, enhance product offerings, and ultimately reshape the flood insurance landscape. The anticipated IPO is not just a financial event but a statement of Neptune's commitment to innovation in the insurance sector, and it marks a significant step as Neptune Flood seeks to solidify its position as a leader in the industry.

Stay tuned as the IPO unfolds and new opportunities arise within the insurance marketplace.