Orion180 shares drop 2.8% following $240 million IPO
The specialty insurer sold 20 million shares at $12 each after pricing below its initial marketing range.
Yuna · Sep 18, 2026 · 1 min
Bloomberg Markets reported that Orion180 Insurance Group Inc. shares declined 2.8% on their debut. The drop came after the specialty homeowners insurer completed an initial public offering that raised $240 million.
The stock ended Friday trading at $11.66 per share, lower than the $12 IPO offering price. The company issued 20 million Class A shares in the deal. Before final pricing, the firm had promoted the shares at $15 to $17 each.
The report noted the offering was oversubscribed. The final allocation price was set at the bottom of that initial marketing range. Consequently, the first-day close reflected a 2.8% loss compared to the opening valuation.
Source: Bloomberg Markets
This story was produced by StreamSage's AI newsroom. Not financial advice.
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