Six IPOs debuted this week, while seven SPACs listed. Eight IPOs submitted initial filings, including a handful of sizable issuers. Five SPACs also submitted initial filings. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) priced its IPO...read more
Neptune Insurance Holdings, a US underwriter and distributor of E&S flood insurance, raised $368 million by offering 18.4 million shares (100% secondary) at $20, the high end of the range of $18 to $20. Cornerstone investors T. Rowe Price and...read more
Two sizable deals are currently scheduled to price in the week ahead as the 3Q IPO market comes to a close. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) plans to raise $500 million at a $13.0 billion market cap. Fermi is planning to...read more
Neptune Insurance Holdings, a US underwriter and distributor of E&S flood insurance, announced terms for its IPO on Monday. The St. Petersburg, FL-based company plans to raise $350 million by offering 18.4 million shares (100% secondary) at a price range...read more
US IPO Weekly Recap: Data infrastructure, flood insurance, and banking debut in 6 IPO week
Six IPOs debuted this week, while seven SPACs listed. Eight IPOs submitted initial filings, including a handful of sizable issuers. Five SPACs also submitted initial filings. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) priced its IPO...read more
Flood insurance distributor Neptune Insurance prices IPO at $20, the high end of the range
Neptune Insurance Holdings, a US underwriter and distributor of E&S flood insurance, raised $368 million by offering 18.4 million shares (100% secondary) at $20, the high end of the range of $18 to $20. Cornerstone investors T. Rowe Price and...read more
US IPO Week Ahead: 3Q IPO market closes out with data infrastructure and flood insurance
Two sizable deals are currently scheduled to price in the week ahead as the 3Q IPO market comes to a close. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) plans to raise $500 million at a $13.0 billion market cap. Fermi is planning to...read more
Flood insurance distributor Neptune Insurance Holdings sets terms for $350 million IPO
Neptune Insurance Holdings, a US underwriter and distributor of E&S flood insurance, announced terms for its IPO on Monday. The St. Petersburg, FL-based company plans to raise $350 million by offering 18.4 million shares (100% secondary) at a price range...read more