IPOs

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.

Bermuda insurer Watford Holdings completes direct listing on the Nasdaq

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest IPOs Videos

#TradeTalks: What it’s Like to List on the Nasdaq Stock Market

Jill Malandrino is joined by Jay Heller, VP of the Head of Capital Markets at Nasdaq. Jay gives you an inside look at what it's like to list on the Nasdaq Stock Market!

Dec 6, 2019