Ryan Specialty Group $1.538 billion IPO
Davis Polk advised the joint lead book-running managers in connection with the $1.538 billion initial public offering of 65,456,020 shares of Class A common stock of Ryan Specialty Group Holdings, Inc., which includes 8,537,742 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares. Ryan Specialty Group is listed on the New York Stock Exchange under the symbol “RYAN.”
Founded by Patrick G. Ryan in 2010, Ryan Specialty Group is a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty Group provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter.
The Davis Polk capital markets team included partners Michael Kaplan and Pedro J. Bermeo and associates Claudia Carvajal Lopez and Christian Knoble. The tax team included partner Michael Farber and associate Eitan Ulmer. Partner Matthew J. Bacal provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.