Ryan Specialty Holdings $391 million block trade
The secondary stock offering consists of 9,000,000 shares
Davis Polk advised the underwriter in connection with the $391 million block trade of 9,000,000 shares of Class A common stock of Ryan Specialty Holdings, Inc. by certain selling stockholders. The Class A common stock is listed on the NYSE under the symbol “RYAN.”
Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers.
The Davis Polk capital markets team included partners Michael Kaplan and Pedro J. Bermeo and associates Claudia Carvajal Lopez and Logan Crossley. Partner Mario J. Verdolini and associates Justin Corvino and Yueyu Yang provided tax advice. All members of the Davis Polk team are based in the New York office.