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Ironshore values planned IPO at $100M

Posted On: Jun. 18, 2014 12:00 AM CST

Ironshore Inc. is planning an initial public offering it values at $100 million.

In a Tuesday filing with the U.S. Securities and Exchange Commission, the Hamilton, Bermuda-based specialty insurer said that figure was solely for the purpose of determining the size of its registration fee. It also noted the shares were being offered by current stockholders.

According to Ironshore, its major private equity investors include New York-based Irving Place Capital, New York-based Corporate Partners L.L.C., Calera Capital of Boston and San Francisco, TowerBrook Capital Partners L.P. of New York and London, New York-based Greenhill Capital Partners L.L.C. and Chicago-based GTCR L.L.C.

Ironshore plans to be listed on the New York Stock Exchange.

Ironshore was founded in late 2006 with more than $1 billion in capital.

According to the SEC filing, Ironshore wrote more than $2 billion in gross written premiums in 2013.

Ironshore declined to comment on the IPO.