Insurance broker TWFG, backed by RenaissanceRe, priced its US IPO at $17/share, aiming to raise $187 million.
Insurance broker TWFG, backed by US reinsurer RenaissanceRe, priced its US IPO at $17/share, above the indicated range, aiming to raise $187 million. The IPO comes amid a strong US IPO market, with TWFG working with over 300 insurance carriers and operating in 41 states. The offering is led by J.P. Morgan Securities, Morgan Stanley, BMO Capital Markets, and Piper Sandler.
July 18, 2024
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