Insurer leads flood of 14 IPO prospects that could top $ 3 billion


Law360 (July 12, 2021, 9:04 p.m. EDT) – Insurer Ryan Specialty Group Holdings Inc. on Monday presented an initial public offering estimated at $ 1.3 billion, one of at least 14 companies in launch IPO plans that could exceed a combined $ 3.5 billion as part of a hot market that shows no signs of a summer hiatus.

Ryan Specialty, advised by Kirkland & Ellis LLP, told regulators on Monday that he plans to sell 56.9 million shares at a price of between $ 22 and $ 25, raising $ 1.3 billion midway through. Ryan Specialty’s IPO is expected to be set during the week of July 19, according to research firm Renaissance Capital.

Ryan Specialty, based in Chicago, was joined by …

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