Skyward Specialty Insurance sets IPO terms, to raise up to $136 million for company, shareholders

Skyward Specialty Insurance Group Inc.

has set terms for its initial public offering, which is expected to raise up $136.0 million through the sale of 8.5 million shares. The Houston-based commercial property and casualty insurer said it is offering 4.75 million shares in the IPO, while selling shareholders are offering 3.75 million shares. The company could see proceeds of up to $76.0 million, as the IPO is expected to price between $14 and $16 a share, and shareholders could raise up to $60.0 million. With about 37.

has set terms for its initial public offering, which is expected to raise up $136.0 million through the sale of 8.5 million shares. The Houston-based commercial property and casualty insurer said it is offering 4.75 million shares in the IPO, while selling shareholders are offering 3.75 million shares. The company could see proceeds of up to $76.0 million, as the IPO is expected to price between $14 and $16 a share, and shareholders could raise up to $60.0 million. With about 37.

.” Skyward’s IPO is coming at a time of relative investor disdain for IPO shares, as the Renaissance IPO ETF IPO has tumbled 20.6% over the past three months while the S&P 500 SPX has gained 0.9%.

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