Orion180 Insurance Group Inc. [OIG] - IPO
Orion180 Insurance Group Inc. is offering 20,000,000 shares of Class A common stock at an initial public offering price of $12.00 per share, with the stock approved for listing on the Nasdaq under the ticker OIG.
Why this matters
Orion180 Insurance Group Inc., a Florida-based company operating in the insurance agents, brokers, and service industry, has launched its initial public offering by offering 20,000,000 shares of Class A common stock at $12.00 per share. The company is set to list its stock on the Nasdaq under the ticker symbol OIG. This IPO will result in two classes of common stock, with Class A shares having one vote each and Class B shares, held solely by Founder and CEO Kenneth Gregg, having ten votes each. Following the offering, Mr. Gregg will maintain significant control with 93.9% of the voting power.