Bermuda insurer Watford Holdings completes direct listing on the Nasdaq
Watford Holdings, a Bermuda-based provider of property and casualty insurance and reinsurance, filed a final prospectus relating to its direct listing on Thursday. The company registered for resale up to 3.6 million shares held by existing shareholders.
The Pembroke, Bermuda-based company plans to list on the Nasdaq on Thursday under the symbol WTRE. As a direct listing, Watford did not disclose a proposed range or valuation for its shares; pricing will be determined by the market.
As a direct listing, Watford is not included in our IPO stats.
J.P. Morgan, Barclays and Morgan Stanley served as joint lead advisors on the deal.
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