Safepoint, an insurance company based in Tampa, Florida, is planning an initial public offering (IPO) in the United States. The company and its backers intend to raise up to $283.3 million by offering 16.7 million shares priced between $15 and $17 each. This move aims to value Safepoint at around $1.16 billion. The IPO reflects Safepoint's efforts to expand its capital base and enhance its market presence. While the company operates primarily in the US insurance sector, this development is notable for investors monitoring insurance industry trends and IPO activities. The ​Tampa, Florida-based company and some of its ​backers are seeking to raise up to $283.3 million by offering ​16.7 million shares priced ⁠between $15 and $17 ‌apiece.