US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

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US IPOs and Secondary Offerings

Neptune Insurance Holdings (NP US): Exclusion from US Index Over Voting Rights

Neptune Insurance Holdings Inc. (NP): Peeking at the IPO Prospectus of Specialty Risk Insurer

Neptune Insurance Holdings Inc. (NP): Specialty Risk Insurer Sets Terms, Seeking $2.8b Valuation

Neptune Insurance Holdings Inc. (NP): Investors See Upside in Private Option to Flood Insurance

IPOs and Secondary Offerings

Equity Capital Markets

Neptune Insurance Holdings / Equity Capital Markets

<ul>
<li>The company priced 18.4 million shares at $20.00, the high end of its $18.00–$20.00 range and shares opened at $22.50, a 12.5% premium.</li>
<li>The deal was in high demand ahead of pricing, with order books reportedly more than 10x oversubscribed.</li>
<li>Neptune’s debut follows five other insurance-related IPOs this year, a sector that has produced strong results immediately following their IPOs.</li>
</ul>


The company priced 18.4 million shares at $20.00, the high end of its $18.00–$20.00 range and shares opened at $22.50, a 12.5% premium.
The deal was in high demand ahead of pricing, with order books reportedly more than 10x oversubscribed.
Neptune’s debut follows five other insurance-related IPOs this year, a sector that has produced strong results immediately following their IPOs.


American Integrity Insurance Group (AII US)

Neptune Insurance Holdings (NP): Double-Digit Oversubscribed Demand Leads To 24% First Day Return