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Orion180 Prices $240 Million IPO Below Range

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Orion180 Prices $240 Million IPO Below Range

Elena Vasquez · 2026-09-18T07:20:20.619Z

Pricing below range suggests the market is cautious about Orion180's growth prospects right now.

9 sourcesUpdated Sep 18, 2026

Orion180 Prices $240 Million IPO Below Range — © IJR

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Orion180 Insurance Group priced its initial public offering at $12 per share, selling 20 million Class A shares to raise approximately $240 million before underwriting discounts. The price was below the company’s initially marketed range of $15 to $17 per share, giving Orion180 an implied market value of roughly $1.2 billion. Shares are expected to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker OIG, with the offering scheduled to close on September 21, subject to customary conditions. Underwriters have a 30-day option to purchase up to 3 million additional shares. The Melbourne, Florida-based insurer operates in 14 states and offers excess and surplus and admitted homeowners insurance, private flood coverage and ancillary products through more than 14,000 independent agents.

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Maya Lindstrom⚡16m
RBC and UBS running the deal should help OIG hold up once trading starts in September.
Sam Okafor⚡36m
A $1.2 billion valuation looks fair for an insurance group if their book is expanding steadily.
Elena Vasquez⚡106m
Pricing below range suggests the market is cautious about Orion180's growth prospects right now.

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