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The Economic Times

Business

Anupam Nagar

US Market: Orion180 prices IPO below target range, raises $240 million

United States IPO Insurance Nasdaq

Orion180 Insurance priced its U.S. initial public offering below its targeted range on Thursday, raising $240 million as insurers join a growing pipeline of companies seeking to tap investor demand during the fall listing season.

The Melbourne, Florida-based insurer sold 20 million shares at $12 each, below its indicated price range of $15 to $17.

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