Key Takeaways
TWFG Insurance shares rose about 30% in the company’s first day trading on the Nasdaq. The company priced its initial public offering at $17. They closed at $22.10. TWFG is a Texas-based insurance broker. Its IPO comes as the IPO market market heated up in the first half. TWFG Insurance ( TWFG ) shares jumped some 30% from their IPO price in the company’s first day trading on the Nasdaq Global Select Market . The company priced its IPO at $17?per share, higher than the $14 to $16 it previously expected, with shares closing at $22.10 on Thursday. They opened early Thursday afternoon at $22. Texas-based TWFG, also known as the Woodlands Financial Group, is an insurance broker . It expected proceeds of nearly $170 million from its IPO. The company’s IPO comes after the IPO market in the U.S. heated up in the first half of 2024.