Insurance broker TWFG prices US IPO above range to raise about $187 mln

By Jerry  Published On July 18, 2024
Insurance broker TWFG (TWFG.O), opens new tab, backed by U.S. reinsurer RenaissanceRe (RNR.N), opens new tab, said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million.
TWFG priced its 11 million shares at $17 apiece, and had marketed them at a range of $14 to $16.
The share offering comes at a time when the U.S. IPO market is at its strongest since 2021 as investors continue to warm up to new listings.
Source: REUTER

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