HCi Group falls after TypTap Insurance unit delays IPO

HCI

13/01/2022 15:26

** Shares of insurance holding co  HCI.N  down as much as
7.7% at $74.83, touching their lowest level since May
    ** HCI unit TypTap, an insurance tech company, delays U.S.
IPO, joining several companies rethinking their plans to go
public due to volatile market conditions  urn:newsml:reuters.com:*:nL4N2TS3NZ
    ** Stock last down 5.4% and set for its worst day in over a
month 
    ** TypTap Insurance Group Inc confidentially filed for an
IPO in August
    ** HCI up ~43% in the last 12 months

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))