BUZZ — Orion180 Insurance slips in debut after below range US IPO

* Orion180 Insurance's shares fall 5% to $11.41 in Nasdaq debut after below range US IPO * Stock opened at $11.50 apiece vs $12 IPO price * Melbourne, Florida-based OIG sold 20 million shares below marketed range of $15 to $17 apiece * RBC Capital Markets, UBS Investment Bank and Raymond James were lead book-running managers for offering * Founded in 2018 by Kenneth Gregg, Orion180 provides excess and surplus ​lines homeowners insurance across 14 U.S. states. Its key ​markets include ⁠Texas, California, and Florida * The firm currently focuses on homeowners and residential flood insurance markets, generating roughly $601 million of managed premiums written in last 12 months ⁠ended ​June 30 (Reporting by Arasu Kannagi Basil in Bengaluru) ((mailto:ArasuKannagi.Basil@thomsonreuters.com;)