{"id":21837,"date":"2024-05-13T12:12:25","date_gmt":"2024-05-13T12:12:25","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=773958"},"modified":"2024-05-13T12:12:25","modified_gmt":"2024-05-13T12:12:25","slug":"insurer-bowhead-specialty-seeks-about-491m-valuation-in-ipo","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/05\/13\/insurer-bowhead-specialty-seeks-about-491m-valuation-in-ipo\/","title":{"rendered":"Insurer Bowhead Specialty Seeks About $491M Valuation in IPO"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2021\/11\/initial-public-offering-message-on-tablet-432907229-bigstock-580x387.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2021\/11\/initial-public-offering-message-on-tablet-432907229-bigstock-scaled.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/05\/13\/773958.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/05\/13\/773958.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p class=\"tr-story-p1\">Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid a rebound in the capital markets.<\/p>\n<p>The company is aiming to raise about $106.7 million by selling nearly 6.7 million shares priced between $14 and $16 apiece, it said on Monday.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"carriers,excess-surplus\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>After a two-year dry spell, the U.S. IPO market is on the road to recovery in 2024, helped by firming bets of a soft landing for the world\u2019s largest economy and increasing investor appetite for new listings, although the revival has been uneven so far.<\/p>\n<p>Bowhead was founded in 2020 and has presence across U.S. specialty and casualty insurance markets. It is an affiliate of business and personal insurer American Family Insurance.<\/p>\n<p>Bowhead will list its common stock on the New York Stock Exchange under the symbol \u201cBOW.\u201d<\/p>\n<p>J.P. Morgan, Morgan Stanley and Keefe, Bruyette &amp; Woods are the lead underwriters of the offering.<\/p>\n<p><strong>Related:<\/strong><\/p>\n<p><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/04\/15\/769687.htm\" target=\"_blank\" rel=\"noopener\">Insurer Bowhead Specialty\u2019s IPO Filing Shows Profit More Than Doubled in 2023<\/a><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/carriers\/\" class=\"btn btn-sm btn-primary tagtag\">Carriers<\/a> <a href=\"https:\/\/www.insurancejournal.com\/excess-surplus\/\" class=\"btn btn-sm btn-primary tagtag\">Excess Surplus<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"773958\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Carriers<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21838,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[787,788,789,2,1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/05\/insurer-bowhead-specialty-seeks-about-491m-valuation-in-ipo.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21837"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21837"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21838"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}