U.S. insurance company Orion180 Insurance Group (OIG.US) will debut on Nasdaq tonight, with its IPO priced at $12 per share, far below the offering range.

U.S. insurance company Orion180 Insurance Group (OIG.US) announced the terms of its IPO pricing, offering 20 million shares at $12 per share to raise $240 million, below the previously expected range of $15 to $17. Based on this offering price, the company has a diluted market value of $1.2 billion. The company's shares will begin trading on the Nasdaq on September 18 under the ticker symbol "OIG." Orion180 Insurance Group said that, based on direct written premium, it is the second-largest excess and surplus ("E&S") homeowners insurance provider in the United States, operating in 14 states, with approximately $601 million in managed written premium for the trailing twelve months ended June 30, 2026, and more than 670,000 policies sold since inception. As of June 30, 2026, its diversified product portfolio covers E&S and admitted homeowners insurance, private flood insurance, and a range of ancillary products, distributed through a network of more than 14,000 active independent agents. In 2025, 51% of its managing general agent written premium came from traditional non-admitted products, with a focus on coastal and catastrophe-exposed properties in high-risk areas. Orion180 Insurance Group was founded in 2015 and generated $145 million in revenue for the twelve months ended June 30, 2026. RBC Capital Markets, UBS Investment Bank, Raymond James, Goldman Sachs Group, Inc., Deutsche Bank Aktiengesellschaft, Citizens JMP, and Texas Capital Securities are the joint book-running managers for this IPO.