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Verisk Analytics prices IPO at $22.00, above the range

October 6, 2009

Verisk Analytics, which provides data, statistical models and tailored analytics for P&C insurance firms, raised $1.9 billion on Tuesday by offering 85.3 million shares at $22.00, 10% above the midpoint of the proposed $19.00 to $21.00 range. Verisk Analytics is expected to begin trading Wednesday on the NASDAQ under the symbol VRSK. BofA Merrill Lynch and Morgan Stanley acted as lead managers on the deal.