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Neptune Insurance Holdings Priced, NYSE: NP

US underwriter and distributor of E&S flood insurance.

Industry: Financials

Latest Trade: $24.97 0.00 (0.0%)

First Day Return: +24.0%

Return from IPO: +24.9%

Industry: Financials

Neptune is a leading, high-growth, highly profitable, data-driven managing general agent that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies. Neptune was founded to solve the inefficiencies and poor product-market fit we saw in the traditional flood insurance market, which we believe represents a significant and underpenetrated opportunity. According to the American Housing Survey and the Energy Information Administration, there are over 100 million residential and commercial buildings in the U.S., many of which face flood risk, yet only a small fraction are covered by flood insurance. With Neptune’s use of AI, our technology platform, and our data-driven approach, we believe we have delivered the promise of disrupting the insurance industry. Not only have our innovation efforts delivered vastly improved policyholder and agent experiences through the ease-of-use of our proprietary underwriting (Triton) and policy management (Poseidon) platforms, we have also demonstrated superior risk selection and underwriting through our top-tier financial performance and sustained growth.
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IPO Data
IPO File Date 09/03/2025
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 18.4
Deal Size ($mm) $368
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/30/2025
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 18.4
Deal Size ($mm) $368
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
J.P. Morgan
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Company Data
Headquarters St. Petersburg, FL, United States
Founded 2017
Employees at IPO 60
Website www.neptuneflood.com

Neptune Insurance Holdings (NP) Performance