The shares are listed on the New York Stock Exchange

Davis Polk is advising the representatives of the several underwriters in connection with the $368 million initial public offering of 18,421,053 shares of Class A common stock of Neptune Insurance Holdings Inc. sold by the selling stockholders. The underwriters have a 30-day option to purchase up to an additional 2,763,157 shares of Class A common stock from the selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “NP.”

Neptune Insurance Holdings Inc. is the parent company of Neptune Flood Incorporated. Founded in 2018 by Trevor Burgess, Neptune Flood is a leading data-driven managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary flood and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast, accurate, and accessible coverage for residential and commercial properties across the United States, and the company operates without human underwriters, using its cutting-edge platform to streamline underwriting, pricing and policy issuance.

The Davis Polk capital markets team included partners Joseph A. Hall and Pedro J. Bermeo and associates Steven Glendon and Anarelis Ramirez. Partner Kara L. Mungovan provided tax advice. Partner David R. Bauer and associates Gabrielle Mazero and Anne Kim provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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