Safepoint Holdings, a specialty homeowners and commercial property insurer focused on coastal markets, withdrew its plans for an initial public offering on Wednesday.
The company had planned to raise $267 million earlier this month by offering 16.7 million shares (63% secondary) at a price range of $15 to $17. Safepoint Holdings postponed its offering in the first week of the month.
The Tampa, FL-based company was founded in 2013 and booked $572 million in revenue for the 12 months ended March 31, 2026. It had planned to list on the NYSE under the symbol SFPT. Deutsche Bank, Morgan Stanley, Keefe Bruyette Woods, Citizens JMP, Piper Sandler, Truist Securities, and William Blair were set to be the joint bookrunners on the deal.
