Flood insurance provider Neptune (NP.US) applies for US listing, planning to raise up to $100 million.

According to the Zhtng financial app, Neptune Insurance Holdings (NP.US), a data-driven insurance general agency company based in St. Petersburg, Florida, officially submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, aiming to raise up to $100 million in funds through the issuance of new shares. The joint bookrunners for this IPO are vast, including 12 internationally renowned investment banks such as Morgan Stanley, J.P. Morgan, Bank of America Securities, National Bank Financial Markets, and Goldman Sachs, but specific pricing terms have not been disclosed to the public.