Ryan Specialty Group LLC on Tuesday said it plans to become a publicly owned company.
The wholesaler said in a statement that it had confidentially submitted a draft registration form, Form S-1, to the US Securities and Exchange Commission for a proposed IPO of its Class A. common stock.
The statement said that the number of shares would be offered and the price range for the proposed offer has not yet been determined.
Ryan Specialty said it expects to begin IPO after completion of the SEC review process, subject to market conditions and other conditions.
Ryan Specialty was founded in 2010 by former Aon PLC CEO Patrick G. Ryan as a holding company for various specialty brokers, including wholesale brokers, head of general agencies and general insurer management.
It is the third largest real estate / accident wholesaler with $ 8.9 billion premium volume in 201