Bowhead Specialty Holdings Inc. (the Company), a specialty insurance business providing casualty and professional liability insurance products, has announced the pricing of its upsized initial public offering of 7,529,412 shares of its common stock at a public offering price of US$17 per share. The aggregate gross proceeds to the Company from the offering are expected to be US$128 million before deducting underwriting discounts and commissions and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,129,411 shares of its common stock at the initial offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on May 23, 2024, under the symbol “BOW.”
Latham & Watkins LLP represents the underwriters in the offering with a corporate team led by New York partners Marc Jaffe, Erika Weinberg, and Gary Boss, and New York counsel Alexander Traum, with associates Kaj Nielsen, Jie Lin Nai, and Emma Fichtel. Advice was also provided on tax matters by New York partners Jiyeon Lee-Lim and Aaron Bernstein, with associate Nicholas Sun; on benefits and compensation matters by New York partner Bradd Williamson, with associate Jaye Han; on data privacy matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn; and on intellectual property matters by New York partner Jessica Cohen, with associate Ece Gonulal.
