Ategrity Specialty announces launch of initial public offering

Ategrity Specialty  is going public by selling about 6.7 million shares of stock, aiming to raise $86 million to $100 million.

The stock will be priced between $14 and $16 per share and listed on the New York Stock Exchange under the symbol “ASIC.”

Before the IPO is completed, the company will change its name to Ategrity Specialty Insurance Company Holdings and become a Nevada corporation.

The money raised will help the company grow and increase its financial flexibility.

Founded in 2017, Ategrity sells specialty insurance products to small and mid-sized businesses in the U.S.