Orion180 Insurance IPO Priced Well Below Views

Dow Jones

昨天

Shares of Orion180 Insurance Group are due to begin trading Friday after the homeowners insurance provider's initial public offering was priced well below expectations.

Orion180 late Thursday said it is selling 20 million shares at $12 apiece, compared with an expected price range of $15 to $17.

The Melbourne, Fla., company's shares are slated to begin trading later Friday on the Nasdaq Global Select Market under the symbol OIG.

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