TWFG prices IPO above range to raise about $187 million
- October 5, 2025
- Posted by: Web workers
- Category: Finance
(Reuters) — Insurance broker TWFG, backed by reinsurer RenaissanceRe, said Wednesday it priced its initial public offering above its indicated range, seeking to raise up to $187 million.
TWFG priced its 11 million shares at $17 apiece and had marketed them at a range of $14 to $16.
The share offering comes at a time when the U.S. IPO market is at its strongest since 2021 as investors continue to warm up to new listings.
The Woodlands, Texas-based TWFG has a presence in 41 states and the District of Columbia. Its business is mainly concentrated in Texas, California and Louisiana.
The IPO is being underwritten by a syndicate of nine Wall Street banks led by J.P. Morgan Securities, Morgan Stanley, BMO Capital Markets and Piper Sandler.
The company was to list Thursday on the Nasdaq Global Select Market under the symbol TWFG.
