Orion180 Insurance Group Inc. Announces Pricing of Initial Public Offering

Orion180 sets IPO terms at $12 per share ahead of its planned Nasdaq Global Select Market debut under ticker OIG.

Rhea-AI Summary

Orion180 Insurance Group (OIG) has priced its initial public offering of 20,000,000 shares of Class A common stock at $12.00 per share. The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares at the same price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker “OIG,” with the offering expected to close on September 21, 2026, subject to customary conditions.

Positive

• IPO size 20,000,000 shares at $12.00 per share (approx. $240 million gross proceeds, before any option)
• Underwriters’ option up to 3,000,000 additional shares within 30 days at the IPO price

Negative

• None.

News Explained

The IPO is priced but not yet closed. If the 20,000,000 Class A shares are issued, Orion180’s total share count would rise and existing holders’ percentage ownership would fall absent offsetting changes; the separate option could add up to 3,000,000 more shares.

Market Context

The supplied pre-publication record showed a $0.0003 prior close dated October 27, 2023 and a 0% 24-...

Analysis

The supplied pre-publication record showed a $0.0003 prior close dated October 27, 2023 and a 0% 24-hour change; it provided no recorded market reaction to this IPO pricing announcement.

Key Figures

IPO shares: 20,000,000 shares IPO price: $12.00 per share Underwriters' option: Up to 3,000,000 shares +3 more

IPO shares

20,000,000 shares

Initial public offering

IPO price

$12.00 per share

Initial public offering

Underwriters' option

Up to 3,000,000 shares

30-day option at the initial public offering price

Expected trading date

September 18, 2026

Expected Nasdaq Global Select Market debut

Expected closing date

September 21, 2026

Offering expected to close subject to customary conditions

Registration status

Declared effective

Registration statement declared effective by the SEC

Key Terms

initial public offering, excess and surplus, underwriting discounts and commissions, reinsurance

4 terms

initial public offering financial

"announced the pricing of its initial public offering of 20,000,000 shares"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

excess and surplus financial

"the second largest excess and surplus ("E&S") lines homeowners"

Excess and surplus refers to the additional funds an insurance company holds beyond its estimated liabilities or required reserves. This extra cushion helps the company stay stable during unexpected events or claims, providing confidence to policyholders and investors alike. For investors, it signals the company's financial strength and ability to withstand unforeseen risks, making it an important indicator of overall health.

underwriting discounts and commissions financial

"at the initial public offering price, less underwriting discounts and commissions"

Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.

reinsurance financial

"long-term partnerships with distribution providers and reinsurance partners"

Reinsurance is when insurance companies buy insurance for themselves to protect against very big losses. It’s like a car owner getting extra coverage from another company so that if there's a serious accident, the financial hit isn’t all on one company. This helps insurance companies stay stable and able to pay out when disasters happen.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MELBOURNE, Fla., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Orion180 Insurance Group Inc. ("Orion180"), a leading provider of flexible, customer-centric homeowners and flood insurance solutions, today announced the pricing of its initial public offering of 20,000,000 shares of its Class A common stock, at an initial public offering price of $12.00 per share. In addition, Orion180 has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker symbol "OIG." The offering is expected to close on September 21, 2026, subject to customary closing conditions.

RBC Capital Markets, UBS Investment Bank and Raymond James are acting as lead book-running managers, and Goldman Sachs & Co. LLC, Deutsche Bank Securities, Citizens Capital Markets and Texas Capital Securities are acting as book-running managers for the offering.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281, by phone at 1-877-822-4089, or by email: equityprospectus@rbccm.com; UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, NY 10010, by phone at 1-888-827-7275, or by email: ol-prospectus-request@ubs.com; or Raymond James & Associates, Inc., Attention: Prospectus Department, 880 Carillon Parkway, St. Petersburg, FL 33716, by phone at 1-800-248-8863, or by email at prospectus@raymondjames.com.

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 Orion180 Insurance Group Inc.
Orion180 Insurance Group Inc. (Orion180) is a founder-led technology-focused, high growth, high-margin specialty insurance group delivering innovative insurance solutions with a growing footprint across the United States. Since beginning operations in 2018, Orion180 has organically grown to become the second largest excess and surplus ("E&S") lines homeowners insurance provider in the United States by direct written premiums with a presence in 14 states. Orion180's diverse product offerings across E&S and admitted homeowners' insurance, private flood insurance, and a range of ancillary products are distributed through a network of more than 14,000 active independent agents as of June 30, 2026.

Orion180's business is built on four core principles: (i) a relentless focus on innovation, (ii) real-time, data-driven decision-making through proprietary, end-to-end MY180 platform, (iii) ease of doing business, and (iv) long-term partnerships with distribution providers and reinsurance partners. Headquartered in Melbourne, Florida, Orion180 also has an office in Irving, Texas and a Service Center in Salt Lake City, Utah.

Orion180 Insurance Group Inc. Investors:
ir@orion180.com 

Orion180 Insurance Group Inc. Media:
Corporate Communications
media@orion180.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which banks are managing the Orion180 (OIG) initial public offering?

RBC Capital Markets, UBS Investment Bank and Raymond James are acting as lead book-running managers, and Goldman Sachs & Co. LLC, Deutsche Bank Securities, Citizens Capital Markets and Texas Capital Securities are acting as book-running managers for the offering.

How can investors obtain the prospectus for the Orion180 IPO?

The prospectus is available from the book-running managers’ prospectus departments. Requests may be sent to: RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281, phone 1-877-822-4089, email equityprospectus@rbccm.com; UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, NY 10010, phone 1-888-827-7275, email ol-prospectus-request@ubs.com; or Raymond James & Associates, Inc., Attention: Prospectus Department, 880 Carillon Parkway, St. Petersburg, FL 33716, phone 1-800-248-8863, email prospectus@raymondjames.com.

What type of business does Orion180 operate?

Orion180 is described as a founder-led, technology-focused specialty insurance group providing homeowners and private flood insurance and ancillary products. It has grown organically since 2018 to become the second largest excess and surplus lines homeowners insurance provider in the United States by direct written premiums, with a presence in 14 states and distribution through more than 14,000 active independent agents as of June 30, 2026.