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UPDATE 1-Insurance brokerage Ryan Specialty rises 9% in NYSE debut, valued at $6 5 bln
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Insurance brokerage Ryan Specialty rises 9% in NYSE debut, valued at $6 5 bln
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Ryan Specialty Launches Initial Public Offering with 57M Shares July 12, 2021
Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering.
Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission. The initial public offering price is expected to be between $22.00 and $25.00 per share.
Ryan Specialty intends to grant the underwriters the right to purchase up to an additional 8,537,742 shares of its Class A common stock.
Ryan Specialty has applied to list its Class A common stock on the New York Stock Exchange under the symbol “RYAN.” Upon completion of the proposed initial public offering, Ryan Specialty will be the sole managing member of Ryan Specialty Group LLC (Ryan Specialty Group) and will exclusively operate and control all of its business and affairs.
Bill Webb Promoted to Vice President at RT Environmental & Construction Professional Hamilton, NJ, April 28, 2021 (PR.com) Bill Webb has been promoted to vice president within the Environmental and Construction Professional (ECP) Practice of RT Specialty. A specialist with more than 20 years of experience within the professional liability insurance marketplace, Webb joined the RT ECP team in 2017 as an assistant vice president to support the team’s national network of agents, brokers and business relationships. He has since become a specialist in numerous policy forms including Contractor’s Pollution Liability (CPL), Architects & Engineers (A&E), Contractor’s Professional Liability (CPrL) and Owner’s Protective Professional Indemnity (OPPI).
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