HCI Group Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Subsidiary, Exzeo Group, Inc.
HCI Group (NYSE:HCI) announced that its subsidiary Exzeo Group has filed a Form S-1 registration statement with the SEC for a proposed initial public offering (IPO). The IPO details, including share count and price range, are yet to be determined.
The offering will be managed by Truist Securities, Citizens Capital Markets, and William Blair as joint book-running managers, with Fifth Third Securities as co-manager. The IPO's completion is subject to market conditions, with no guarantee of timing or final terms.
L'HCI Group (NYSE:HCI) ha annunciato che la controllata Exzeo Group ha depositato presso la SEC una registration statement Form S-1 per una prevista initial public offering (IPO). I dettagli dell'IPO, tra cui il numero di azioni e l'intervallo di prezzo, non sono ancora stati determinati.
L'offerta sarà gestita da Truist Securities, Citizens Capital Markets e William Blair in qualità di joint book-running managers, con Fifth Third Securities come co-manager. Il completamento dell'IPO è soggetto alle condizioni di mercato, senza alcuna garanzia sui tempi o sui termini finali.
HCI Group (NYSE:HCI) anunció que su subsidiaria Exzeo Group ha presentado ante la SEC un registro Form S-1 para una oferta pública inicial (OPI) propuesta. Los detalles de la OPI, incluido el número de acciones y el rango de precios, aún no se han determinado.
La oferta estará gestionada por Truist Securities, Citizens Capital Markets y William Blair como gerentes conjuntos de libro de órdenes, con Fifth Third Securities como co-gerente. La realización de la OPI está sujeta a las condiciones del mercado, sin garantía de plazos ni de los términos finales.
HCI Group(NYSE:HCI)는 자회사 Exzeo Group가 SEC에 Form S-1 등록서를 제출하여 제안된 기업공개(IPO)를 준비 중이라고 발표했습니다. IPO의 세부사항(주식 수 및 가격 범위)은 아직 결정되지 않았습니다.
공모는 Truist Securities, Citizens Capital Markets, William Blair를 공동 북런너 매니저로, Fifth Third Securities를 공동 매니저로 하여 진행될 예정이며, IPO의 마감은 시장 상황에 좌우되며 시점이나 최종 조건에 대한 보장은 없습니다.
HCI Group (NYSE:HCI) a annoncé que sa filiale Exzeo Group a déposé auprès de la SEC une déclaration d'enregistrement Form S-1 en vue d'une éventuelle offre publique initiale (OPI). Les détails de l'OPI, y compris le nombre d'actions et la fourchette de prix, restent à déterminer.
L'offre sera gérée par Truist Securities, Citizens Capital Markets et William Blair en tant que coordinateurs de livre(s) communs, avec Fifth Third Securities comme co-gérant. L'achèvement de l'OPI dépendra des conditions du marché, et aucune garantie quant au calendrier ou aux termes finaux n'est donnée.
HCI Group (NYSE:HCI) gab bekannt, dass seine Tochtergesellschaft Exzeo Group bei der SEC ein Form S-1-Registrierungsstatement für eine vorgeschlagene Erstemission (IPO) eingereicht hat. Die Details des IPOs, einschließlich Aktienanzahl und Preisspanne, sind noch festzulegen.
Das Angebot wird von Truist Securities, Citizens Capital Markets und William Blair als Lead-Book-Runner verwaltet, wobei Fifth Third Securities als Co-Manager fungiert. Der Abschluss des IPOs hängt von den Marktbedingungen ab, eine Garantie für Zeitplan oder endgültige Bedingungen wird nicht gegeben.
أعلنت HCI Group (NYSE:HCI) أن شركتها التابعة Exzeo Group قد قدمت لدى لجنة الأوراق المالية الأمريكية (SEC) بيان تسجيل Form S-1 من أجل اكتتاب عام مقترح (IPO). تفاصيل الـ IPO، بما في ذلك عدد الأسهم ونطاق السعر، لم تحدد بعد.
سيتم إدارة العرض من قبل Truist Securities و Citizens Capital Markets و William Blair كمديرين مشتركين للسجل، مع Fifth Third Securities كمدير مشارك. إتمام الـ IPO رهين ظروف السوق، ولا توجد ضمانات بشأن الجدول الزمني أو الشروط النهائية.
HCI Group (NYSE:HCI) 宣布，其子公司 Exzeo Group 已向美国证券交易委员会（SEC）提交了 Form S-1 注册声明，拟进行首次公开募股（IPO）。IPO 的细节，包括股票数量和价格区间，尚未确定。
此次发行将由 Truist Securities、Citizens Capital Markets 和 William Blair 担任联合主承销商，Fifth Third Securities 为共同承销商。IPO 的完成取决于市场条件，无法保证时间或最终条款。
- Potential value creation through IPO of majority-owned subsidiary
- Strategic move to unlock shareholder value through separate listing
- Uncertainty regarding IPO timing and market conditions
- Potential reduction in HCI's ownership and control of Exzeo post-IPO
Insights
HCI Group's subsidiary Exzeo filing for IPO signals potential value unlocking, though terms remain undefined and completion uncertain.
HCI Group has initiated the IPO process for its majority-owned subsidiary Exzeo Group through a public S-1 filing with the SEC. This strategic move represents a potential value-unlocking event for HCI shareholders, as successful IPOs of subsidiaries typically provide capital influx while allowing parent companies to monetize previously embedded value.
The announcement is preliminary in nature, with critical details including share quantity, price range, and timing still undetermined. HCI has assembled a notable underwriting team led by Truist Securities, Citizens Capital Markets, and William Blair, with Fifth Third Securities in a supporting role.
The careful language around market conditions and completion uncertainty is standard but noteworthy. The press release includes typical regulatory disclaimers emphasizing that the securities cannot be sold until the registration becomes effective.
For investors, this development represents a potential transformation in HCI's corporate structure. IPO spin-offs typically aim to:
- Highlight undervalued business segments
- Provide focused management and capital allocation
- Establish separate market valuation
- Generate proceeds for both entities
While financial terms remain undefined, this preliminary filing indicates HCI's strategic intent to potentially restructure its business portfolio while maintaining majority ownership in Exzeo. The market will likely watch closely for the preliminary prospectus to assess Exzeo's financial profile and valuation expectations.
TAMPA, Fla., Sept. 25, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) today 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 (the “SEC”) 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.
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@willaimblair.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.
Company Contact:
Bill Broomall, CFA
Investor Relations
HCI Group, Inc.
wbroomall@exzeo.com
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel 949-574-3860
HCI@gateway-grp.com
FAQ
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