Ategrity Specialty Insurance Company Holdings announced the pricing of its initial public offering of 6,666,667 shares of common stock at $17.00 per share. This pricing is expected to generate aggregate gross proceeds of $113.3 million before deducting underwriting discounts and estimated offering expenses.
The company has also granted underwriters a 30-day option to purchase up to an additional 1,000,000 shares of common stock at the IPO price. Shares are anticipated to begin trading on the New York Stock Exchange under the symbol "ASIC" on June 11, 2025, with the offering projected to close on June 12, 2025.
The net proceeds from this offering will be used to support business growth, increase statutory capital and surplus for its insurance subsidiaries, and for general corporate purposes, with initial investment in fixed income securities. The registration statement related to the offering became effective on June 10, 2025.
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