Verisk Analytics (VRSK) IPO Jumps Higher
The IPO for Verisk Analytics, Inc. (Nasdaq: VRSK) is open for trading. Shares are trading at $27 after pricing 85,250,000 shares at $22.00 per share, above the expected $19-$21 range.
BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers for the offering. J.P. Morgan and Wells Fargo Securities are acting as senior co-managers. William Blair & Company, Fox-Pitt Kelton Cochran Caronia Waller, and Keefe, Bruyette & Woods are acting as co-managers
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources.
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