The St. Petersburg, Florida-based insurer raised $368 million through the IPO, with 18.42 million shares on offer.
Neptune Insurance Holdings Inc.’s (NP) shares made a strong debut on the New York Stock Exchange on Wednesday, listing at $22.5 apiece.
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At the time of writing, Neptune Insurance’s shares were hovering at $22.83, or 14% higher compared to the issue price of $20.
The St. Petersburg, Florida-based insurer raised $368 million through the IPO, with 18.42 million shares on offer.
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