BRP Group, a fast-growing insurance brokerage based in Florida, raised $230 million by offering 16.4 million shares at $14, the low end of the range of $14 to $16. At the offer price, BRP Group commands a fully diluted market value of $908 million.
The company plans to list on the Nasdaq under the symbol BRP. J.P. Morgan, BofA Securities, Jefferies and Wells Fargo Securities acted as lead managers on the deal.
