Salem Radio Network News Wednesday, August 4, 2021

Business

Insurance brokerage Ryan Specialty rises 9% in NYSE debut

(Reuters) – Shares of Ryan Specialty Group Holdings Inc rose 9% in their New York Stock Exchange Debut on Thursday, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan.

The stock opened at $25.60 per share, higher than the initial public offering price of $23.50 per share.

(Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.)

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