Neptune Insurance prices public offering at $27.50 per share

Neptune Insurance Holdings Inc. (NYSE: NP) announced the pricing of a public offering involving the sale of 9,841,395 shares of Class A common stock by certain selling securityholders at $27.50 per share.

The company will concurrently purchase 984,140 shares from underwriters at $26.40 per share, matching the price underwriters will pay selling securityholders. Neptune Insurance plans to retire these repurchased shares, removing them from circulation after the offering closes.

The offering is scheduled to close on May 15, 2026, subject to customary closing conditions. Selling securityholders granted underwriters a 30-day option to purchase up to an additional 1,476,209 shares at the public offering price, less underwriting discounts and commissions.

Morgan Stanley serves as lead left bookrunner for the offering. J.P. Morgan and Goldman Sachs & Co. LLC act as active bookrunners, while BofA Securities, BMO Capital Markets, Deutsche Bank Securities, Evercore ISI, Keefe Bruyette & Woods, Mizuho, Piper Sandler, Raymond James, TD Securities and Wells Fargo Securities serve as joint bookrunners.

The Securities and Exchange Commission declared the registration statement on Form S-1 effective on May 13, 2026.

Neptune Insurance Holdings is the parent company of Neptune Flood Incorporated, which operates as a managing general agent offering residential and commercial insurance products including flood insurance through a network of agencies across the United States.

You May Also Be Interested In

• Definium Therapeutics prices $700M public offering at $34 per share
• Oracle expands equity distribution agreement with 15 additional sales agents
• Grid Dynamics hosts AI forum for financial services leaders in London