Ironshore initiates potential $100m IPO

Bermuda-based property and casualty insurer Ironshore has filed its intention to list with the Securities and Exchange Commission ahead of an initial public offering (IPO) this summer.

It said that the IPO shares will be sold by stockholders rather than the company itself and estimated the offering size at $100 million.

Ironshore’s largest shareholders include Irving Place Capital Management, Calera Capital Advisors, GTCR and TowerBrook Capital Partners.

Joint book running managers are BofA Merrill Lynch and UBS Investment Bank.