Ategrity Specialty Holdings LLC announced the launch of its initial public offering of 6,666,667 shares of common stock. The expected price range for the offering is between $14.00 and $16.00 per share.
The company has applied to list its common stock on the New York Stock Exchange under the symbol "ASIC." The primary objectives of this offering are to enhance the company's capitalization and financial flexibility, as well as to establish a public market for its common stock.
Net proceeds from the offering are intended to support business growth and for general corporate purposes, with initial investment in fixed income securities. J.P. Morgan and Barclays are serving as joint lead bookrunning managers for the proposed offering.
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