HCI Says Unit Exzeo Launches IPO of 8 Million Shares With Expected Price Range of $20-$22 a Share
MT Newswires Live
Oct 16, 2025
HCI (HCI) said Thursday that its Exzeo (XZO) unit has launched an initial public offering of 8 million common shares, expected to be priced between $20 and $22 apiece.
Exzeo intends to grant the underwriters a 30-day option to buy up to an additional 1.2 million common shares at the IPO price, HCI said.
HCI said it will retain majority ownership in Exzeo following the IPO.
Exzeo has applied to list its common stock on the New York Stock Exchange under the "XZO" symbol, HCI said.
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