Neptune Insurance Holdings Inc. Seeks Initial Public Offering

Overview of the IPO Announcement

ST. PETERSBURG, Fla. – On September 3, 2025, Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, made a significant announcement regarding its initial public offering (IPO). The company has submitted a registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for its proposed IPO, aiming to list its Class A common stock on the New York Stock Exchange under the ticker symbol “NP.”

Financial Details of the Proposed Offering

Current Status

As of now, the exact number of shares and the price range for the offering have yet to be determined. The completion of the IPO is contingent on market conditions, and no assurances can be made concerning the timing, size, or specifics of the offering.

Underwriting Partners

Morgan Stanley is leading the way as the bookrunner for the offering, while J.P. Morgan and BofA Securities are also active bookrunners. Other prominent investment firms such as BMO Capital Markets, Goldman Sachs & Co. LLC, Evercore ISI, Deutsche Bank, and several others are participating as joint bookrunners. Dowling & Partners Securities LLC will serve as co-manager.

Prospectus Information

The IPO will only be available through a prospectus. Interested parties can find the preliminary prospectus once it becomes available on EDGAR via the SEC’s website at www.sec.gov. Additionally, copies can be requested from the respective underwriters, including Morgan Stanley, J.P. Morgan, and BofA Securities.

Important Legal Considerations

SEC Registration

It is essential to note that while a registration statement on Form S-1 has been filed, it has not yet received effective status from the SEC. No securities may be sold, and offers to buy cannot be accepted until the registration statement is effective. This announcement does not constitute an offer or solicitation for the sale of securities in any state where such an offer would be unlawful without prior registration.

About Neptune Insurance Holdings Inc.

Founded in 2018, Neptune Insurance Holdings Inc. operates as a leading, data-driven managing general agent specializing in insurance services. Neptune Flood, its subsidiary, offers a diverse range of residential and commercial insurance products, primarily focusing on primary flood and excess flood insurance. Through its advanced technology platform, Neptune utilizes artificial intelligence and data science to provide swift, accurate coverage options without the need for human underwriters.

Innovative Technology

Neptune’s innovative approach streamlines underwriting, pricing, and policy issuance, making it easier for consumers to access insurance for residential and commercial properties across the United States. The company’s commitment to leveraging cutting-edge technology has positioned it favorably in an evolving insurance market.

Conclusion

Neptune Insurance Holdings Inc. is preparing to enter the public market, which could enhance its visibility and bolster its growth potential in the competitive insurance landscape. With a strong technological foundation, Neptune is well-prepared to meet market demands and deliver exceptional service to its clients.

For more news on Neptune’s IPO and further updates, be sure to check back regularly and visit the SEC website for the latest regulatory information.