Orion180 Insurance Group (OIG.US), a U.S. insurance company, sets IPO price at $15 to $17 per share and plans to raise $320 million.

According to Jinzi Finance APP, American insurance company Orion180 Insurance Group (OIG.US) announced its IPO terms on Wednesday. The Melbourne, Florida-based company plans to raise $320 million by offering 20 million shares at a price range of $15 to $17 per share. Based on the midpoint of the proposed range, Orion180 Insurance Group’s fully diluted market value will reach $1.6 billion.