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Exzeo indicated to open at $22-$24, IPO priced at $21

Exzeo (XZO) priced 8M shares at $21.00. The deal priced at the midpoint of the $20.00-$22.00 target range. Truist is acting as lead book running manager for the offering. HCI Group’s (HCI) majority owned subsidiary, Exzeo Group, delivers a suite of digital tools and services for property and casualty insurance carriers, with a focus on the homeowners insurance market.

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