Neptune Insurance Holdings IPO and AI Underwriting

25 days ago

Bloomberg News equities reporter Natalya / Kenny Javich

"Also on your list this afternoon, Neptune Insurance Holdings. ... shares jumped 24% today. The IPO price was $20 per share closed at 2480. The company raised almost $370 million. ... so for Neptune the story is it has AI-driven underwriting agent that scans all possible quotes and gives the best pricing for customers."

The discussion covers Neptune Insurance Holdings, an IPO play in the insurance space. The company, which leverages AI technology for underwriting, saw a notable 24% jump on its trading debut. This innovative approach in a niche market such as flood insurance makes it a potentially interesting play in the insurtech segment.

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