Ryan Speciality unveils plans for IPO in New York
Ryan Specialty Group, the international holding company founded in 2010 by Pat Ryan, is plotting a potential initial public offering (IPO) – a move that would mean a return to running a public company for its founder.
The company has revealed that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.
The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined. The company said it expects to commence the IPO following completion of the SEC review process, subject to market and other conditions.
The move could mark the completion of a remarkable journey for Ryan, who previously founded Aon Corporation and served as its chairman and CEO for 41 years. At Ryan’s retirement, Aon had more than 500 offices in 120 countries, generating revenues then in excess of $7 billion.
RSG is an international holding company specializing in wholesale brokerage, insurance underwriting managers and other specialty services to brokers, agents and insurers. The company has a number of offices in the North America, the UK and Europe.
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