Neptune Insurance Launches Public Offering of 8,355,615 Shares
Neptune Insurance Holdings announced the launch of its public offering for the sale of 8,355,615 shares of its Class A common stock by certain selling securityholders. As part of the proposed offering, the Company intends to concurrently purchase from the underwriters 835,561 shares of Class A common stock at a price per share equal to the price per share to be paid by the underwriters to the selling securityholders in the proposed offering. Morgan Stanley is acting as lead left bookrunner for the proposed offering. J.P. Morgan and Goldman Sachs & Co. are acting as active bookrunners.
