Watford Holdings, a provider of property and casualty insurance and reinsurance, rescheduled its proposed direct listing for this week.
The Pembroke, Bermuda-based company plans to list on the Nasdaq under the symbol WTRE. As a direct listing, Watford has not disclosed a proposed range or valuation for its shares. At year-end, the company had an estimated book value per share of $39.22, or a book value of $890 million.
Watford Holdings was founded in 2013 and booked $575 million in sales for the 12 months ended December 31, 2018. J.P. Morgan, Barclays and Morgan Stanley are the joint lead advisors on the deal.
