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Company Overview
Skyward Specialty Insurance Group Inc (SKWD) is a developing specialty insurance provider that offers non-admitted and admitted business P&C products and solutions, mostly in the United States.
Initial Public Offering
The company had launched its IPO on January 13th, 2023, under the ticker SKWD and had sold approximately 8,500,000 shares at $15/share. We had covered this IPO in our ‘Kalkine IPO Report’ on January 12, 2023 and had concluded that this IPO was “Attractive” given its financial performance in nine months ended September 30, 2022, liquidity and capital resources, and rapidly growing specialty insurance company.
Price Chart (as on January 17,2023). Source: REFINITIV, Analysis by Kalkine Group
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the current price of USD 19.48 as on January 17th, 2023, given:
*The reference data in this report has been partly sourced from Refinitiv.
Disclaimer
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