Ategrity Specialty soars in cracking NYSE debut after $113 million IPO

Ategrity Specialty Insurance Holdings

11/06/2025 16:48

Updates

** Ategrity Specialty Insurance's ASIC.N shares jump as much as 40.5% to $23.89 in their debut on the New York Stock Exchange

    ** Stock opens at $23.65 vs $17 IPO price, valuing the New York-based firm at $1.1 billion

** ASIC raised $113.3 million by selling ~6.7 million shares above its marketed range of $14 and $16

** 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;))