AMERISAFE Prices Initial Public Offering
November 18 2005 - 6:00AM
PR Newswire (US)
DERIDDER, La., Nov. 18 /PRNewswire-FirstCall/ -- AMERISAFE, Inc.
(NASDAQ:AMSF) today announced that it has priced its initial public
offering of 8,000,000 shares of common stock at $9.00 per share,
all of which are being offered by the Company. AMERISAFE
anticipates that the common shares will begin trading today on The
NASDAQ National Market under the symbol "AMSF". Friedman, Billings,
Ramsey & Co., Inc. acted as the sole book-running manager and
William Blair & Company, LLC acted as co-manager of the
offering. Certain shareholders have agreed to sell up to an
additional 1,200,000 shares of common stock to the underwriters to
cover over-allotments, if any. A registration statement relating to
AMERISAFE's common stock has been filed with and declared effective
by the Securities and Exchange Commission. This press release does
not and shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of such common stock
in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state. The offering of these securities
will be made only by means of a prospectus, copies of which may be
obtained from Friedman, Billings, Ramsey & Co., Inc., 1001 19th
Street North, Arlington, Virginia, 22209. AMERISAFE, Inc. is a
specialty provider of workers' compensation insurance focused on
small to mid-sized employers engaged in hazardous industries,
principally construction, trucking, logging, agriculture, oil and
gas, maritime and sawmills. AMERISAFE actively markets workers'
compensation insurance in 27 states and the District of Columbia.
Contacts: Geoff Banta, EVP & CFO AMERISAFE, Inc. 337-463-9052
Ken Dennard, Managing Partner Karen Roan, Sr.VP DRG&E /
713-529-6600 DATASOURCE: AMERISAFE, Inc. CONTACT: Geoff Banta, EVP
& CFO of AMERISAFE, Inc., +1-337-463-9052; Ken Dennard,
Managing Partner, or Karen Roan, Sr.VP, both of DRG&E
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