Bowhead Specialty Holdings Inc. Announces Secondary Stock Offering Pricing
Bowhead Specialty Holdings Inc. (NYSE: BOW) has announced the pricing of a secondary public offering of 4,000,000 shares of its common stock by certain stockholders at $29.00 per share. The underwriters have a 30-day option to purchase an additional 600,000 shares. Bowhead Specialty will not receive any proceeds from this sale. The offering is expected to close on October 25, 2024, subject to customary conditions.
J.P. Morgan, Morgan Stanley, and Keefe, Bruyette & Woods are leading the underwriting, with Citizens JMP, RBC Capital Markets, Dowling & Partners Securities, LLC, and Siebert Williams Shank also participating. The offering is made under a registration statement declared effective by the SEC on October 23, 2024.
Bowhead Specialty Holdings Inc. is a specialty insurance provider offering casualty, professional liability, and healthcare liability insurance, led by industry veteran Stephen Sills. The company emphasizes expertise and a collaborative culture in delivering specialized insurance solutions.
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