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Bowhead Specialty Raises $128 Million in Upsized IPO, Opens at $23 on NYSE with 35.3% Gain

May 23, 2024, 12:51 PM

Specialty insurer Bowhead Specialty Holdings Inc. raised $128 million after increasing the size of its IPO and pricing the shares above a marketed range. The company priced 7.53 million shares, up from the initially planned 6.67 million shares, at $17 per share, which was $1 above the marketed range. Bowhead Specialty debuted on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol BOW and opened at $23 per share, marking a 35.3% gain at the first trade.