(Reuters) -Neptune Insurance priced its New York initial public offering at the top end of its marketed range, raising $368 million, the flood insurance provider said on Tuesday, adding to a string of listings as investors flock to new offerings.

The St. Petersburg, Florida-based flood insurer and some of its existing shareholders sold 18.4 million shares at $20 apiece, compared with its target range of $18 to $20 each. The IPO valued it at $2.76 billion.

Co-founder Jim Albert, along with private equity firms Bregal Sagemount and FTV Capital, were among the selling shareholders.

U.S. IPO activity has picked up after a slowdown earlier this year, with companies moving quickly to tap investor appetite as concerns over President Donald Trump’s trade policy ease.

Several insurance firms ta

See Full Page