Neptune Insurance Holdings Inc.

Neptune Insurance Holdings Inc. (NP) priced its initial public offering on Oct 1, 2025 at $20.00 per share, within its $18.00–$20.00 range, raising $368.4M, and listed on NYSE. At the IPO price its market capitalization was about $2.76B. Orrick advised the company and Davis Polk advised the underwriters.

Neptune Insurance Holdings Inc. runs an insurance platform that works with agents and capacity providers to underwrite policies for policyholders, earning commissions from the capacity providers that back the coverage.

Status

IPO

Ticker

NP

Exchange

NYSE

Priced

Oct 1, 2025

IPO price

$20.00

Price range

$18.00–$20.00

Raised

$368.4M

Market cap at IPO price

$2.76B

First filed

Sep 3, 2025

Company counsel

Orrick

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.