Neptune Insurance Holdings has launched its US IPO, aiming to raise up to $368.4m by offering 18.42 million shares priced between $18 and $20 each. The insurer seeks a valuation of up to $2.76bn and filed a registration statement to list on NYSE under ‘NP’. Morgan Stanley leads the offering. Neptune Flood, a subsidiary, has seen significant revenue growth.

Read more at Yahoo Finance: Flood insurer Neptune launches US IPO