From Yahoo Finance: 2025-06-04 10:14:00

Ategrity Specialty Holdings has launched its IPO of 6,666,667 shares of common stock, expected to be priced between $14 and $16 per share. The company will reorganise as Ategrity Specialty Insurance Company Holdings before the close of the offering.

Ategrity Specialty plans to grant underwriters a 30-day option to purchase up to an additional one million shares of common stock at the initial offering price. The company applied to go public on the NYSE under the ticker symbol ASIC.

The primary goals of the IPO are to enhance capitalisation and financial flexibility, as well as to establish a public market for Ategrity’s common stock. Proceeds will be used to expand business operations and for general corporate needs, with initial investments in fixed income securities.

Ategrity reported a 78% increase in consolidated net income for 2024 compared to 2023, amounting to $47.1m. J.P. Morgan Securities and Barclays Capital are the joint book-running managers, with legal matters managed by Latham & Watkins and Brownstein Hyatt Farber Schreck.

This news was originally published by Life Insurance International. The information provided is for general informational purposes only and should not be relied upon for decision-making without seeking professional advice.

Read more: Delaware-based insurer Ategrity launches IPO