Arch Capital-backed Watford expects Nasdaq listing this week
Arch Capital-backed Bermuda re/insurer Watford Holdings expects to start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission.
The parent company of Watford Re, a reinsurance sidecar launched by Arch Capital and Highbridge Capital, had publicly filed for an initial public offering (IPO) with the SEC on January 29.
On March 26, the SEC had declared effective Watford's registration statement on Form S-1 relating to the company's common shares in connection with its proposed listing.
The company is set to trade its common shares under the ticker symbol, WTRE.
Watford has retained JP Morgan, Barclays and Morgan Stanley as joint lead advisors on the listing. BofA Merrill Lynch is acting as co-advisor.
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