RSG prices IPO at $23.50 a share, securing $6bn valuation ahead of Thursday trading
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RSG prices IPO at $23.50 a share, securing $6bn valuation ahead of Thursday trading

James Thaler
July 21, 2021
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Ryan Specialty Group NYSE.jpg

Ryan Specialty Group (RSG) has set an initial $23.50 stock price for shares that will begin trading on Thursday, giving the company a roughly $6bn valuation at its public launch, while also raising $1.3bn in net proceeds.

Underwriters of the offering have the ability to purchase an additional 8,537,742 shares in the subsequent 30-day period, which would amount to an additional $200mn raised at Wednesday’s offer price.

The

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