Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, announced it has submitted a registration statement to the U.S. Securities and Exchange Commission (SEC). This filing concerns the planned initial public offering (IPO) of its Class A common stock. The company intends to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol “NP.”
The number of shares to be offered and the price range remain undetermined. The offering’s success is contingent upon market conditions. There is no guarantee the offering will proceed or when it might conclude, nor are the final size and terms yet established.
Morgan Stanley will serve as the lead left bookrunner for the IPO. J.P. Morgan and BofA Securities will act as active bookrunners. Several other investment banks, including BMO Capital Markets, Goldman Sachs & Co. LLC, Evercore ISI, Deutsche Bank, Keefe, Bruyette & Woods, Mizuho, Piper Sandler, Raymond James, and TD Cowen, are participating as joint bookrunners. Dowling & Partners Securities LLC will act as co-manager.
The offering will be conducted solely through a prospectus. Interested investors can access the preliminary prospectus, once available, via the SEC‘s EDGAR database online. Alternatively, prospective investors may obtain copies from the various underwriters.
The SEC must still approve the registration statement (Form S-1) before the offering can proceed. No securities can be sold, nor can offers to buy be accepted, until the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities. Sales will not occur in any jurisdiction where prohibited by law.
Neptune Insurance Holdings Inc. is the parent company of Neptune Flood Incorporated, established in 2018. Neptune Flood is a significant player in the insurance sector, specializing in residential and commercial insurance products. The company uses data-driven techniques and artificial intelligence to streamline its operations, including underwriting, pricing, and policy issuance. This technology allows them to offer quick and efficient service to their customers nationwide.
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