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Skyward Specialty Insurance Group prices upsized US IPO at $15 midpoint

January 12, 2023

Skyward Specialty Insurance Group, a specialty property & casualty insurer focused on underserved markets, raised $134 million by offering 9.0 million shares (47% secondary) at $15, the midpoint of the $14 to $16 range. At pricing, existing shareholders sold 0.5 million more shares than anticipated, while the primary share component remained unchanged.

Skyward is the largest US IPO since Mobileye (MBLY) listed in October.

Skyward Specialty Insurance Group plans to list on the Nasdaq under the symbol SKWD. Barclays, Keefe Bruyette Woods, Piper Sandler, JMP Securities, Truist Securities, and Raymond James acted as joint bookrunners on the deal.