Neptune
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New home sales could be impacted by a prolonged stalemate. -
Neptune’s stock price jumped 25% on the first day of trading.
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The oversubscribed IPO priced at the top end of expected $18-$20 per-share range.
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The company is estimating its IPO price at $18-$20 per share.
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The company generated $71.4mn in revenue for H1 2025.
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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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As the IPO window opened, American Integrity, Slide, Ategrity and others followed Aspen.
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The PE-backed MGA lined up Morgan Stanley, JP Morgan and Bank of America to advise.
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This is up from the $300mn in capacity the MGA secured in 2024.
