<div id="readability-page-1">Neptune Insurance Holdings' (NYSE:NP) initial public offering of 18.4M shares priced at $20 per share, at the top end of the expected range of $18-$20, raising for its selling shareholders ~$368M in total gross proceeds. That price gives the company a valuation of ~$2.76B. The provider of flood insurance didn't offer any shares; therefore, it won't...</div>

<p>Neptune Insurance Holdings (NYSE:NP) has priced its initial public offering (IPO) of 18.4 million shares at $20 each, reaching the top of the expected range of $18-$20. This pricing generates approximately $368 million in gross proceeds for its selling shareholders and values the company at around $2.76 billion. The company, which specializes in flood insurance, did not offer any shares in the IPO.</p>

Neptune Insurance IPO prices at top of range