Davis Polk advised Goosehead Insurance, Inc. on its $98.095 million initial public offering of 9,809,500 shares of Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. The shares of Class A common stock are listed on the NASDAQ Global Select Market under the symbol “GSHD.”
Based in Westlake, Texas, Goosehead is an independent personal lines insurance agency that distributes its products and services throughout the United States. Goosehead represents over 80 insurance companies that underwrite personal lines and small commercial lines risks and its operations include a network of seven corporate sales offices and over 400 franchise locations.
The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Shane Tintle and associates Pedro J. Bermeo, Matthew M. Funk and Bria J.M. Cunningham. The executive compensation team included partner Kyoko Takahashi Lin and associate Joseph S. Brown. The tax team included partner Michael Mollerus and associate Isaac MacDonald. The credit team included partner Joseph P. Hadley. All members of the Davis Polk team are based in the New York office.