Focus on the coastal market, property and casualty insurance company Safepoint Holdings (SFPT.US) applied for a US stock IPO, planning to raise $250 million.

Focus on coastal property and casualty insurance underwriters and platform-based enterprises Safepoint Holdings (SFPT.US) submitted a listing application to the U.S. Securities and Exchange Commission (SEC) last Friday, expecting to raise up to $250 million through an initial public offering (IPO). Safepoint Holdings is a specialized property insurance company focused on the coastal market, with its main operations in Florida and Louisiana, serving residential homeowners and small commercial policyholders. The company operates on a fee-based model, managing the insurance full value chain, owning a wholly-owned insurance subsidiary, and managing a reciprocal insurance exchange owned by policyholders, where Safepoint serves as the attorney-in-fact. The company currently has over $1 billion in gross premiums written, the majority of which comes from the reciprocal exchange. Through this structured design, Safepoint maximizes capital efficiency - its revenue mainly comes from service fees generated by managing the premium volume, rather than assuming balance sheet risks. Headquartered in Tampa, Florida, the company was founded in 2013. In the 12 months ending on March 31, 2026, the company reported revenues of $572 million. Safepoint Holdings plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "SFPT." The company confidentially submitted its listing application on November 26, 2025. Deutsche Bank, Morgan Stanley, Keefe Bruyette Woods, Citizens JMP, Piper Sandler, Truist Securities, and William Blair are the joint book-running managers for this offering.