American Integrity prices IPO at $16 per share, targets $126.5m

American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share.

The offering includes 6,250,000 shares being sold by American Integrity and 625,000 shares offered by existing stockholders. As previously disclosed in its April filing, the firm will not receive any proceeds from the sale of shares by selling stockholders.

In addition, certain existing stockholders have granted underwriters a 30-day option to purchase up to 1,031,250 additional shares at the IPO price, which could increase the total offering to 7,906,250 shares

If the above option is fully exercised, the IPO could raise a total of $126.5 million.

American Integrity said it intends to use the net proceeds from this offering for general corporate purposes, which may include contributing capital to its insurance subsidiary to support growth, as well as for the satisfaction of tax withholding and remittance obligations related to certain equity grants made in connection with the offering and for fees associated with the termination of its existing management services agreement.

The shares are expected to begin trading on the New York Stock Exchange today on May 8, 2025 under the symbol AII.

The offering is expected to close on May 9, 2025, subject to customary closing conditions.

Keefe, Bruyette & Woods, A Stifel Company, Piper Sandler, and William Blair are acting as the active bookrunners for the offering, while Citizens Capital Markets and Raymond James are acting as passive bookrunners for the offering. Oppenheimer & Co. is acting as a co-manager for the offering.

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American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share. The offering includes 6,250,000 shares being sold by American Integrity and 625,000 shares offered by existing stockholders. As previously disclosed in its April filing, the firm will not receive any proceeds from the sale…