Ategrity Specialty set for NYSE debut after $113 million IPO

Ategrity Specialty Insurance Holdings

11/06/2025 12:26

** Ategrity Specialty Insurance set to debut on New York Stock Exchange on Wednesday under the symbol "ASIC"

** New York-based ASIC raised $113.3 million in initial public offering by selling ~6.7 million shares at $17 apiece, above its marketed range of $14 and $16

** At IPO price, ASIC secured $800 million valuation

** IPO proceeds will be used to grow business and other purposes

** J.P. Morgan and Barclays were joint lead book-running managers of the offering

** Ategrity launched in 2018 with funding from Zimmer Financial Services Group, an insurance and asset management company

** ASIC provides excess and surplus insurance to small to medium-sized businesses across the United States

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))