Exzeo Group, Inc. Launches Initial Public Offering
HCI Group (NYSE:HCI) announced that its majority owned subsidiary Exzeo Group, Inc. has launched an initial public offering of 8,000,000 primary shares.
Exzeo expects an IPO price range of $20.00–$22.00 per share, may grant underwriters a 30‑day option for up to 1,200,000 additional shares, and has applied to list on the New York Stock Exchange as XZO. The registration statement is expected to become automatically effective on November 4, 2025, subject to SEC processes. Truist Securities is lead left bookrunner; Citizens Capital Markets, William Blair, and Fifth Third Securities are co-managers.
HCI Group (NYSE:HCI) ha annunciato che la sua controllata detenuta dalla maggioranza Exzeo Group, Inc. ha avviato un'offerta pubblica iniziale di 8.000.000 azioni primarie.
Exzeo prevede un intervallo di prezzo per l'IPO di $20,00–$22,00 per azione, potrebbe concedere agli underwriter una opzione di 30 giorni per fino a 1.200.000 azioni aggiuntive e ha chiesto di quotarsi al New York Stock Exchange come XZO. Il modulo di registrazione dovrebbe diventare automaticamente efficace il 4 novembre 2025, soggetto ai processi della SEC. Truist Securities è il lead left bookrunner; Citizens Capital Markets, William Blair e Fifth Third Securities sono co-manager.
HCI Group (NYSE:HCI) anunció que su subsidiaria en la que posee la mayoría de las acciones, Exzeo Group, Inc., ha lanzado una oferta pública inicial de 8,000,000 de acciones primarias.
Exzeo espera un rango de precio de la IPO de $20.00–$22.00 por acción, podría otorgar a los underwriters una opción de 30 días para hasta 1,200,000 acciones adicionales, y ha solicitado listar en la New York Stock Exchange como XZO. Se espera que el registro se vuelva efectivo automáticamente el 4 de noviembre de 2025, sujeto a los procesos de la SEC. Truist Securities es el líder de bookrunner; Citizens Capital Markets, William Blair y Fifth Third Securities son co-gerentes.
HCI Group (NYSE:HCI)는 다수 지분을 소유한 자회사인 Exzeo Group, Inc.가 8,000,000주의 주요 주식으로 IPO를 시작했다고 발표했습니다.
Exzeo는 IPO 가격 범위를 $20.00–$22.00 per 주로 예상하며, 30일 간의 옵션을 통해 최대 1,200,000주 추가 주식를 주관사에 부여하고, XZO로 표기될 뉴욕증권거래소에 상장을 신청했습니다. 등록서는 SEC 절차에 따라 2025년 11월 4일에 자동으로 효력을 발생할 것으로 예상됩니다. Truist Securities가 리드 북런너이고, Citizens Capital Markets, William Blair, Fifth Third Securities가 공동 매니저로 참여합니다.
HCI Group (NYSE:HCI) a annoncé que sa filiale majoritairement détenue Exzeo Group, Inc. a lancé une offre publique initiale de 8 000 000 actions primaires.
Exzeo prévoit une fourchette de prix pour l'IPO de $20.00–$22.00 par action, pourrait accorder aux souscripteurs une option de 30 jours pour jusqu'à 1 200 000 actions supplémentaires, et a demandé à être cotée sur le New York Stock Exchange sous le symbole XZO. Le registre devrait devenir automatiquement effectif le 4 novembre 2025, sous réserve des procédures de la SEC. Truist Securities est le bookrunner principal; Citizens Capital Markets, William Blair et Fifth Third Securities sont les co‑gestionnaires.
HCI Group (NYSE:HCI) gab bekannt, dass seine mehrheitlich gehaltene Tochter Exzeo Group, Inc. eine Erstnotiz (IPO) von 8.000.000 Stammaktien gestartet hat.
Exzeo erwartet eine IPO-Preisspanne von $20,00–$22,00 pro Aktie, könnte den Underwritern eine 30‑tägige Option auf bis zu 1.200.000 zusätzliche Aktien gewähren und hat beantragt, an der New York Stock Exchange unter dem Symbol XZO gelistet zu werden. Das Registrierungsdokument wird voraussichtlich automatisch am 4. November 2025 wirksam, vorbehaltlich der SEC‑Prüfungen. Truist Securities ist Lead Left Bookrunner; Citizens Capital Markets, William Blair und Fifth Third Securities sind Co‑Manager.
HCI Group (NYSE:HCI) أعلنت أن شركتها التابعة التي تملكها الغالبية Exzeo Group, Inc. قد أطلقت عرضاً عاماً أولياً لـ 8,000,000 سهم أساسي.
يتوقع Exzeo نطاق سعر الاكتتاب العام عند $20.00–$22.00 للسهم، وقد يمنح للمكتتبين خياراً لمدة 30 يوماً بما يصل إلى 1,200,000 سهم إضافي، وقد قدم طلباً لإدراجها في بورصة نيويورك باسم XZO. من المتوقع أن يصبح بيان التسجيل فعالاً تلقائياً في 4 نوفمبر 2025، رهناً بإجراءات هيئة الأوراق المالية. Truist Securities هي البنك المرجعي الرائد؛ وCitizens Capital Markets وWilliam Blair وFifth Third Securities هم المديرون المشاركون.
HCI Group (NYSE:HCI) 宣布，其多数股权控股的子公司 Exzeo Group, Inc. 已启动一项800万股普通股的首次公开募股（IPO）。
Exzeo 预计IPO价格区间为 $20.00–$22.00/股，可能给予承销商最多 120万股额外股票 的为期30天的期权，并已申请在 纽约证券交易所以 XZO 的代码上市。注册声明预计将于 2025年11月4日 自动生效，需遵循SEC的程序。Truist Securities 为主承销商；Citizens Capital Markets、William Blair 与 Fifth Third Securities 为共同承销商。
- Offering of 8,000,000 primary shares
- HCI will retain majority ownership after the IPO
- Underwriter syndicate led by Truist Securities
- Planned NYSE listing under ticker XZO
- Registration not yet effective; shares cannot be sold until effectiveness
- IPO timing subject to SEC operational status and possible delays
- Underwriters' 1,200,000 share option could increase float and dilution
Insights
Exzeo launched a planned IPO of 8,000,000 primary shares with a $20.00–$22.00 expected price range; HCI will remain majority owner.
Exzeo Group, Inc. is offering 8,000,000 primary common shares with a 30‑day underwriter option for an additional 1,200,000 shares and an expected IPO price range of
The business mechanism is straightforward: the offering issues only primary shares, so proceeds will flow to Exzeo rather than existing shareholders; however, HCI Group will retain majority ownership so corporate control and consolidated reporting implications remain. Key dependencies include the SEC effective date and the underwriters’ bookbuilding outcome that will determine final pricing and shares sold. Operational or timing changes at the SEC could shift the effective date and IPO timing.
Watch the final prospectus for the exact share count sold, final IPO price, and use of proceeds; monitor whether the underwriters exercise the full 30‑day option for up to 1,200,000 additional shares. Near‑term horizon: resolution of the registration effective status by
TAMPA, Fla., Oct. 16, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) today announced that its majority owned subsidiary, Exzeo Group, Inc., has launched its initial public offering (“IPO”) pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the "SEC"). Exzeo is offering 8,000,000 shares of its common stock in the IPO. All shares being offered are primary shares, and HCI Group will retain majority ownership following the IPO. Exzeo intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 common shares at the IPO price, less underwriting discounts and commissions. The IPO price is currently expected to be between
Exzeo has included in the registration statement specific language under Rule 473(b) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), such that, absent further action from the SEC, the registration statement is expected to become automatically effective on November 4, 2025, pursuant to Section 8(a) of the Securities Act. Exzeo will continue to monitor developments, including the operational status of the SEC, in connection with the proposed IPO.
Truist Securities is acting as lead left bookrunner for the proposed offering. Citizens Capital Markets and William Blair are acting as joint active book-running managers and Fifth Third Securities is acting as a co-manager.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Truist Securities, Inc., 740 Battery Ave SE, 3rd Floor, Atlanta, GA 30339, Attention: Prospectus Department, or by email at truistsecurities.prospectus@truist.com; Citizens Capital Markets, 28 State Street, Boston, MA 02109; and William Blair & Company, LLC, 150 North Riverside Plaza, Chicago, Illinois 60606, Attention: Prospectus Department, or by email at prospectus@williamblair.com.
A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HCI Group, Inc.
HCI Group is a holding company with two distinct operating units. The first unit includes four top-performing insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second unit, called Exzeo Group, is a leading innovator of insurance technology that utilizes advanced underwriting algorithms and data analytics. Exzeo empowers property and casualty insurers to transform underwriting outcomes and achieve industry-leading results.
HCI Group’s common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.
Forward-Looking Statements
This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. These statements may relate, among other things, to expectations regarding the size and terms of the proposed IPO, including the offering price, anticipated timing, and the effective date of the registration statement. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.
Company Contact:
Bill Broomall, CFA
Investor Relations
wbroomall@exzeo.com
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
949-574-3860
HCI@gateway-grp.com
FAQ
How many shares is Exzeo offering in the IPO (HCI subsidiary)?
What is the expected IPO price range for Exzeo (ticker XZO)?
Will HCI (NYSE:HCI) keep control of Exzeo after the IPO?
When is Exzeo’s registration statement expected to become effective?
What underwriters are managing the Exzeo IPO (XZO)?
Where can investors obtain Exzeo’s preliminary prospectus for the IPO?
