Orion180 Insurance Group Targets $1.7 Billion Valuation in Nasdaq IPO
Orion180 IPO could value the insurance group at $1.7 billion as it prepares for a proposed Nasdaq listing.
Orion180 IPO is targeting a valuation of $1.7 billion as the insurance group moves toward a Nasdaq listing.
Orion180 IPO: Orion180 Insurance Group Inc., a specialty homeowners and flood insurer based in Melbourne, Florida, is seeking to raise as much as $340 million through an initial public offering, according to a filing with the US Securities and Exchange Commission on Wednesday.
The company plans to market 20 million shares priced between $15 and $17 each. At the top of that range, Orion180 would carry a market value of approximately $1.7 billion, based on the outstanding share count disclosed in the filing. The company expects its shares to begin trading on the Nasdaq Global Select Market under the ticker symbol OIG.
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Orion180 IPO: Company Swings to Profit in First Half of 2026
Orion180 reported net income of $13.2 million on revenue of $80.1 million for the first six months of 2026, according to the filing. That compares with a net loss of $3 million on revenue of $50.4 million during the same period a year earlier. The company generated $601 million in direct written premiums over the 12 months ended June 30, the filing shows.
Founder Kenneth Gregg will retain control of Orion180 following the offering through his holdings of Class B shares, according to the filing.
Orion180 IPO: Underwriters Named as US IPO Market Posts Mixed Results
Royal Bank of Canada, UBS Group AG, Raymond James Financial Inc., Goldman Sachs Group Inc., Deutsche Bank AG, Citizens Financial Group Inc. and Texas Capital Securities are working on Orion180’s offering.
The listing comes amid an active year for US initial public offerings. Companies that went public on US exchanges have raised $160.6 billion in 2026, excluding blank-check firms and other financial vehicles, according to data compiled by Bloomberg. The weighted average performance of US IPOs has stood at roughly 14% since the start of the year, the data show.
Orion180 IPO: Recent Listings Show Divergent Performance
Among the year’s larger offerings, billionaire Bill Ackman’s closed-end fund Pershing Square USA Ltd. is down 24% since its April debut, while Quantinuum Inc. has fallen 16% since its June IPO. SpaceX has moved in the opposite direction, rallying 14% since its record June debut.
