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Ryan Specialty Group Priced, NYSE: RYAN

Wholesale specialty insurance brokerage.

Industry: Financials

Latest Trade: $29.71 -0.28 (-0.9%)

First Day Return: +17.0%

Return from IPO: +27.6%

Industry: Financials

Founded by Patrick G. Ryan in 2010, we are a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. We provide distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. For retail insurance brokers, we assist in the placement of complex or otherwise hard-to-place risks. For insurance carriers, we work with retail and wholesale insurance brokers to source, onboard, underwrite and service these same risks. A significant majority of the premiums we place are bound in the E&S market, which includes Lloyd’s of London (“Lloyd’s”). There is often significantly more flexibility in terms, conditions, and rates in the E&S market relative to the Admitted or “standard” insurance market. We believe that the additional freedom to craft bespoke terms and conditions in the E&S market allows us to best meet the needs of our trading partners, provide unique solutions and drive innovation. We believe our success has been achieved by providing best-in-class intellectual capital, leveraging our trusted and long-standing relationships, and developing differentiated solutions at a scale unmatched by many of our competitors.
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IPO News for Ryan Specialty Group
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IPO Data
IPO File Date 06/21/2021
Offer Price $23.50
Price Range $22.00 - $25.00
Offer Shares (mm) 56.9
Deal Size ($mm) $1,338
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/21/2021
Offer Price $23.50
Price Range $22.00 - $25.00
Offer Shares (mm) 56.9
Deal Size ($mm) $1,338
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Chicago, IL
Founded 2010
Employees 3,313
Website www.ryansg.com