Exzeo Group, Inc.

XZO

Market cap $1.73B

TAMPA, Fla.--(BUSINESS WIRE)--Exzeo Group, Inc. (NYSE:XZO) today announced the closing of its initial public offering (“IPO”) of 8,000,000 shares of its common stock at a public offering price of $21.00. All shares offered were sold by Exzeo. In addition, Exzeo has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 common shares at the IPO price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange on November 5, 20.

Exzeo Group, Inc. delivers accelerating revenue growth and impressive margins, yet shares trade flat on their IPO debut despite strong financials. Its platform offers turnkey software and analytics for property & casualty insurers, now covering 29 states with plans for nationwide expansion. XZO stock valuations appear reasonable at 26x earnings, with a $220M sales run rate and close to 50% operating margins, but customer concentration risk is notable.

Insurance technology firm Exzeo Group's shares opened flat in their New York Stock Exchange debut on Wednesday, valuing the company at nearly $1.91 billion.

Insurance technology firm Exzeo Group raised $168 million in its U.S. initial public offering on Tuesday, pricing its shares within its marketed range and becoming the latest insurance company to proceed with its listing plans.

TAMPA, Fla.--(BUSINESS WIRE)--Exzeo Group, Inc. (NYSE:XZO) today announced the pricing of its initial public offering (“IPO”) of 8,000,000 shares of its common stock at a public offering price of $21.00. All shares being offered are being sold by Exzeo. In addition, Exzeo has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 common shares at the IPO price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock.

Exzeo Group, Inc. is pursuing at least a $100 million IPO, separating from parent HCI Group, and offers Insurance-as-a-Service software. XZO has shown rapid revenue growth, strong profitability, and robust free cash flow, but faces customer concentration and geographic risks. The insurance software market is large but slow-growing; XZO plans to diversify its customer base and expand geographically and by product line.