Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings Inc. (BOW) priced its initial public offering on May 24, 2024 at $17.00 per share, above its $14.00–$16.00 range, raising $128M, and listed on NYSE. At the IPO price its market capitalization was about $536M. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, Stifel and Citizens JMP and others. Skadden, Arps advised the company and Latham & Watkins advised the underwriters.

Bowhead Specialty Holdings Inc. provides specialty property and casualty insurance products, focusing on specialty lines and classes of business that need deep underwriting and claims expertise. It was founded by Stephen Sills and writes business through a relationship with American Family.

Status

IPO

Ticker

BOW

Exchange

NYSE

Priced

May 24, 2024

IPO price

$17.00

Price range

$14.00–$16.00

Raised

$128M

Market cap at IPO price

$536M

First filed

Apr 12, 2024

Underwriters

J.P. Morgan, Morgan Stanley, Stifel, Citizens JMP, RBC Capital Markets, Dowling & Partners and Siebert Williams Shank

Company counsel

Skadden, Arps

Underwriters' counsel

Latham & Watkins

Sector

Financials

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.