HCI Group shares fall 10% after scrapping TypTap IPO
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HCI Group shares fall 10% after scrapping TypTap IPO

HCI Group TypTap logos stock.jpg

Shares of HCI Group slumped 10% in Thursday trading after it abandoned its plans to spin off its InsurTech subsidiary TypTap in an IPO.

The stock plunged more than 12% after the opening bell before recovering a portion of that loss. In afternoon trading, shares were down $5.95,

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