The Zhitong Finance App learned that the US insurance company Orion180 Insurance Group (OIG.US) announced its IPO terms on Wednesday. The Melbourne, Florida-based company plans to raise $320 million by issuing 20 million shares in the price range of $15 to $17 per share. At the midpoint of the proposed range, Orion180 Insurance Group's fully diluted market capitalization would reach $1.6 billion.

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