Reuters: Exzeo Group's IPO Raises $168 Million for Insurance Technology

Insurance technology firm Exzeo Group successfully completed its U.S. initial public offering, raising $168 million. The company priced 8 million shares at $21 each, falling within the anticipated range of $20 to $22. This pricing establishes a potential market valuation for Exzeo Group of approximately $1.91 billion. Following the IPO, HCI Group, Exzeo's parent company, will maintain an 81.5% ownership stake. Exzeo, which offers software and analytics solutions to property and casualty insurers, will be listed on the NYSE under the ticker symbol XZO.