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Insurance-tech firm Exzeo raises US$168 million in IPO
Exzeo raised US$168 m in its IPO, valuing the firm at US$1.
The U.S. insurance-technology company Exzeo Group raised US$168 million in its initial public offering by selling eight million shares at US$21 each. The stock will trade on the NYSE under the ticker “XZO”. With a valuation of roughly US$1.91 billion, the company joins a resurgence in U.S. listings after earlier delays tied to a government shutdown. Exzeo provides underwriting, claims-management and policy-administration technology for property & casualty insurers. Major bookrunners included Truist Securities, Citizens Capital Markets and William Blair. The parent company retains about 81.5 % ownership post-offering.