Ryan Specialty Group (RSG) announced on Tuesday that it had submitted a draft registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.
RSG expects to commence the IPO after the completion of the SEC review process, subject to market and other conditions, the company said. The number of shares of Class A common stock to be offered and the price range for the proposed IPO have not yet been determined.
The announcement comes shortly after RSG revised and expanded its senior leadership team last month. The company appointed Timothy W. Turner president. Turner also serves as chairman and CEO of RT Specialty.
RSG also named Jeremiah R. Bickham chief financial officer, and Michael T. VanAcker chief operating officer.