HCI Group’s Exzeo files registration statement for proposed IPO

HCI Group (HCI) announced that its majority owned subsidiary, Exzeo Group, Inc., has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with the proposed initial public offering of Exzeo’s common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. Truist Securities, Citizens Capital Markets and William Blair are acting as joint book-running managers and Fifth Third Securities is acting as a co-manager for the proposed offering.