(Reuters) -Insurance technology firm Exzeo Group's shares opened flat in their New York Stock Exchange debut on Wednesday, bucking the trend of strong listings in the insurance sector and valuing the company at nearly $1.91 billion. Shares of the Tampa, Florida-based Exzeo opened at $21 apiece, at par with the offer price. Exzeo had sold 8 million shares in an initial public offering on Tuesday at the midpoint of its target range of $20 to $22 per share, raising $168 million. Exzeo's quiet debut comes despite several insurance firms receiving strong investor interest in their first day of trading this year, including Accelerant and Neptune Insurance. U.S. IPO activity has rebounded after a slowdown triggered by President Donald Trump's shifting trade policies and broader market volatility,
Insurance tech firm Exzeo valued at $1.9 billion in muted NYSE debut
The Sunday Guardian2 hrs ago
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