{
  "id": 8136311,
  "title": "Orion180 Insurance prices US IPO below range, raises $240 million",
  "url": "https://urgent.news/2026/09/18/orion180-insurance-prices-us-ipo-below-range-raises-240-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T00:36:26.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/orion180-insurance-prices-us-ipo-below-range-raises-240-million-4906588"
  },
  "original_language": "en",
  "account": "Orion180 Insurance priced its US initial public offering below its target range and raised $240 million, according to Reuters on September 17. The Melbourne, Florida-based company sold 20 million shares at $12 each, falling short of its indicated price range of $15 to $17. Despite early macroeconomic headwinds, the fall IPO season is regaining momentum as more insurers prepare to go public. Bamboo Insurance, backed by CVC, announced its roadshow this week with intentions to raise up to $700 million, while Hub International, supported by Hellman & Friedman, had filed paperwork in June. Orion180, founded in 2018 by Kenneth Gregg, offers excess and surplus lines homeowners insurance across 14 U.S. states, with key markets in Texas, California, and Florida. Both Orion180 and Bamboo Insurance report lower-than-average loss ratios on policies, attributed to their underwriting platforms and rapid growth, which could attract investors. Nicholas Einhorn, vice president of research at Renaissance Capital, notes that insurance IPO investors have become more scrutinizing post-IPO, requiring companies to prove themselves. RBC Capital Markets, UBS Investment Bank, and Raymond James serve as lead book-running managers for Orion180. The company plans to begin trading on the Nasdaq under the symbol OIG on Friday.",
  "summary": null,
  "key_points": [
    "Orion180 priced IPO below $15-$17 target range",
    "Company raised $240 million from 20 million shares",
    "Orion180 offers excess/surplus lines homeowners insurance"
  ],
  "editors_take": "Orion180 Insurance's below-range IPO pricing may indicate investor caution, but its lower-than-average loss ratios and growth could still attract investors in an increasingly active insurance IPO market.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}