Amerisafe, a provider of workers’ compensation insurance, announced that it has priced its initial public offering of 8 million shares of common stock at $9 per share, all of which are being offered by the company. Amerisafe anticipates that the common shares will begin trading Friday, Nov. 18 on Nasdaq under the symbol “AMSF.”
Friedman, Billings, Ramsey & Co. Inc. acted as the sole book-running manager, and William Blair & Company, LLC acted as co-manager of the offering. Certain shareholders have agreed to sell up to an additional 1.2 million shares of common stock to the underwriters to cover overallotments, if any.
Amerisafe, based in Deridder, La., markets workers’ compensation insurance in 27 states and the District of Columbia. The Deridder, La.-based company focuses on small to mid-sized employers engaged in hazardous industries, principally trucking, construction, logging, agriculture, oil and gas, maritime and sawmills.