BRP Group, Inc. Announces Pricing of Its Initial Public Offering
October 23 2019 - 6:15PM
BRP Group, Inc. (“BRP” or the “Company”) (NASDAQ: BRP) today
announced the pricing of its initial public offering of 16,400,000
shares of its Class A common stock at a price to the public of
$14.00 per share. The underwriters for the offering also have a
30-day option to purchase up to 2,460,000 additional shares of its
Class A common stock. BRP Class A common stock is expected to begin
trading on the Nasdaq Global Select Market on October 24, 2019
under the ticker symbol “BRP.” The offering is expected to close on
October 28, 2019, subject to customary closing conditions.
J.P. Morgan and BofA Securities, along with Jefferies and Wells
Fargo Securities, are acting as joint book-running managers, and
Raymond James and Keefe, Bruyette & Woods, A Stifel Company are
acting as co-managers for the offering.
This offering is being made only by means of a prospectus. A
copy of the final prospectus related to the offering may be
obtained, when available, from: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, Attention: Prospectus Department,
1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866)
803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; or BofA
Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte, NC 28255-0001, Attn: Prospectus Department or by
email at dg.prospectus_requests@baml.com.
A registration statement on Form S-1 relating to these
securities was declared effective by the Securities and Exchange
Commission. Copies of the registration statement can be accessed
through the Securities and Exchange Commission’s website at
www.sec.gov. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About BRP
BRP is a rapidly growing independent insurance distribution firm
delivering tailored insurance and risk management insights and
solutions. BRP represents over 400,000 clients across the
United States and internationally, with over 40 offices in four
states.
Rachel Carr
Baldwin Risk Partners
(813) 418-5166
Rachel.carr@baldwinriskpartners.com
Baldwin Insurance (NASDAQ:BRP)
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