T. Rowe Price Invests $75 Million in Neptune Flood IPO
Update: 2025-09-24
Description
T. Rowe Price Investment Management is set to purchase $75 million worth of Neptune Insurance Holdings shares in the company's upcoming IPO, potentially valuing the company at $2.76 billion. Neptune Flood, the largest private flood insurance provider in the US, plans to price its shares between $18 and $20 each and trade on the NYSE under the symbol 'NP'.
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