Haynes Boone represented American Integrity Insurance Group (NYSE: AII), a prominent Florida-based property and casualty insurance provider, on its initial public offering (IPO).
The company sold 6.25 million shares of common stock at $16 per share, and existing shareholders sold an additional 625,000 shares, for total proceeds of $110 million. The underwriters also have an option to buy an additional 1,031,250 shares from selling stockholders for a period of 30 days.
American Integrity’s common stock began trading on the New York Stock Exchange under the ticker symbol “AII” on May 8.
“We are grateful American Integrity Insurance Group trusted us to guide them through this pivotal moment,” said Haynes Boone Capital Markets Co-Chair Matt Fry. “Despite the selective IPO market, their successful offering is a testament to their strong business model and market position. We congratulate the entire American Integrity team on this achievement and look forward to their continued success."
Fry led the Haynes Boone IPO team along with Capital Markets Associate Logan Weissler.
They received additional support from a cross-practice team including:
- Associates Tyler Murry, Maya Thomas and Walt Cory (Capital Markets)
- Partner Susan Wetzel (Employee Benefits)
- Counsel Danielle Marr (Tax)
- Partner Raquel Alvarenga (Labor & Employment)
Haynes Boone's Capital Markets and Securities Practice Group has played a leading role in numerous IPOs, reverse mergers, acquisitions, follow-on offerings and PIPE financings in recent years across sectors including technology, life sciences, energy and financial services. The firm provides comprehensive advice to clients trading on all major U.S. securities exchanges, over-the-counter markets and all major U.K. stock markets and many foreign markets on a full range of securities transactions and reporting matters.
