By Arasu Kannagi Basil

(Reuters) -Insurance technology firm Exzeo Group said on Thursday it was targeting a valuation of up to $2 billion in its U.S. initial public offering, becoming the latest company to proceed with its listing plans despite the ongoing government shutdown.

The Tampa, Florida-based company is aiming to raise as much as $176 million in its IPO by offering 8 million shares priced between $20 and $22 apiece.

With no resolution in sight for the federal government shutdown, some corporate issuers are turning to the rarely used 20-day rule to pursue IPOs.

The SEC last week eased the IPO path for companies during the government shutdown, though legal advisers say the shift will not open the floodgates.

“While the SEC’s updated guidance issued last week was welcome, its ut

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