Orion180 Prices IPO at $12 Per Share, Targeting $240 Million Raise

Orion180 Insurance Group Inc., a provider of homeowners and flood insurance, has priced its initial public offering at $12.00 per share, according to a company press release. The Florida-based insurer is offering 20,000,000 shares of its Class A common stock, targeting gross proceeds of $240 million.

Offering Details

The shares are scheduled to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker symbol OIG. The offering is anticipated to close on September 21, 2026, subject to customary closing conditions.

Orion180 has also granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares at the IPO price, less underwriting discounts. If exercised in full, this option could raise an additional $36 million.

A consortium of banks is managing the offering, with RBC Capital Markets, UBS Investment Bank, and Raymond James serving as lead book-running managers.

Company Profile

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Founded in 2018, Orion180 specializes in property and casualty insurance and operates in 14 states. The company distributes its products through a network of more than 14,000 active independent agents as of June 30, 2026.

According to the company, it is the second-largest excess and surplus (E&S) lines homeowners insurance provider in the United States based on direct written premiums. This market segment provides coverage for risks that standard insurers may decline to cover.

Market Implications

The public listing provides Orion180 with fresh capital and offers investors a new opportunity for exposure to the U.S. property and casualty insurance market, particularly within the specialized E&S sector. The performance of the IPO will be watched as an indicator of investor appetite for insurance-related equities, especially those with exposure to catastrophe-prone regions.