Ryan Specialty Group nabs $1.34bn in NYSE debut: Reuters

Shares of Ryan Specialty Group Holdings rose 9 percent in their New York Stock Exchange debut this week, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan, Reuters reported.

Shares of Ryan Specialty Group Holdings rose 9 percent in their New York Stock Exchange debut this week, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan, Reuters reported. The company raised $1.34 billion. Canadian private equity firm Onex Corp invested in RSG in 2018.

Source: Reuters