The specialty insurer has priced its initial public offering at $17 per share, above the previously estimated range of $14 to $16.
The company is offering 6,666,667 shares of Class A common stock. Underwriters have a 30-day option to purchase up to 1 million additional shares. If exercised in full, total gross proceeds could increase.
Ategrity’s shares began trading on the New York Stock Exchange on June 11 under the ticker symbol “ASIC.” The offering is being made through a prospectus filed with the Securities and Exchange Commission.
In its S-1 filing, Ategrity stated