JRVR News

Ironshore, an international specialty property and casualty insurer, officially withdrew its plans for an initial public offering on Thursday. The company announced in early May that it would be acquired by Fosun International, the investment arm of China's largest conglomerate. Fosun had purchased a 20% stake in the IPO candidate in August 2014 for $464 million, and...read more

Hortonworks (+65%), LendingClub (+56%) and New Relic (+48%) all had strong debuts in a week with six tech IPOs, the most in a week since 2000. The three 40%+ first-day pops were the most in a week since September 2013, when FireEye, Rocket Fuel and Benefitfocus all gained 80%+ (only FireEye remains above its offer price). While the three top performers all priced above the range,...read more

James River Group Holdings, which provides excess and surplus insurance and casualty reinsurance in the US, raised $231 million by offering 11.0 million shares (100% insider) at $21, below the range of $22 to $24. James River Group Holdings plans to list on the NASDAQ under the symbol JRVR. Keefe Bruyette Woods, UBS Investment Bank, FBR Capital Markets and BMO Capital Markets...read more

The week ahead: high quality financial and technology IPOs 11 mostly high quality deals are on the IPO calendar to raise $2.7 billion during the week of December 8, 2014. Technology IPOs have been underrepresented in the second half of 2014, representing just 10% (12 IPOs)...read more