(Reuters) -Insurance technology firm Exzeo Group’s shares opened flat in their New York Stock Exchange debut on Wednesday, valuing the company at nearly $1.91 billion.
Shares of the Tampa, Florida-based company opened at $21 apiece, at par with the offer price.
Exzeo sold 8 million shares in an initial public offering on Tuesday at the midpoint of its target range of $20 to $22 apiece, raising $168 million.
U.S. IPO activity has rebounded after a slowdown triggered by President Donald Trump’s shifting trade policies and broader market volatility.
Investor appetite for new listings has been buoyed by an equity market rally and falling interest rates, but a prolonged government shutdown has caused short-term delays in the IPO pipeline.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed)
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