Bowhead Specialty Holdings Inc. raised $128M in a US IPO, selling 7.5M shares at $17 each.

Bowhead Specialty Holdings Inc., a specialty property and casualty insurer, raised $128M in a US IPO, selling 7.5M shares at $17 each after increasing the size of the stock sale and pricing the shares above the marketed range. The company reported $25M net income on $283M revenue in 2023, compared to $11M net income on $188M revenue in 2022. The IPO values Bowhead at over $500M based on outstanding shares.

May 22, 2024
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