Orion180 Insurance Group to Make Nasdaq Debut on Sept. 18
Orion180 Insurance Group is set to debut on the Nasdaq Global Select Market under the ticker symbol 'OIG' on September 18, following its initial public offering (IPO) roadshow launched earlier this month. The Florida-based insurance provider plans to offer up to 20 million shares of Class A common stock at a price range between $15 and $17 per share, with an option for underwriters to purchase additional shares within the next 30 days. The IPO is expected to raise approximately $300–$340 million in base size funding. The company has filed its registration statement on Form S-1 with the SEC and aims to achieve a valuation of around $1.7 billion upon listing. RBC Capital Markets, UBS Investment Bank, and Raymond James are leading the offering as book-running managers. Orion180 is positioned as a high-growth specialty insurance group focused on E&S lines homeowners' insurance in 14 states across the U.S., with over $601 million in managed premiums written last year. The company's technology-driven approach and broad distribution network through more than 14,000 independent agents are key differentiators as it expands its market presence.
