Skyward Specialty closes upsized IPO of 8.95M shares at $15; begins trading on Nasdaq

Skyward Specialty Insurance Group, Inc.

IPO priced at $15.00 per share for 8,952,383 total shares: 4,750,000 new shares from company, 4,202,383 from selling stockholders.
Underwriters exercised in full the over-allotment option to purchase an additional 1,342,857 shares from selling stockholders.
Company to use net proceeds for capital contributions to insurance subsidiaries and general corporate purposes.
Common stock began trading January 13, 2023 on Nasdaq under ticker SKWD.
Amended charter and bylaws became effective upon IPO closing.

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