The stock of TWFG Insurance Inc. TWFG, +27.24% was indicated to open at $21.50 in its trading debut Thursday, or 26% above the company's initial public offering price of $17. That price was above the company's proposed price range of $14 to $16.
TWFG Insurance Inc. said Thursday it's initial public offering priced at $17 a share, above its proposed price range of $14 to $16 a pop.
Insurance broker TWFG , backed by U.S. reinsurer RenaissanceRe , said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million.