Columbus, Ohio-based Safe Auto Insurance Group Inc. announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common shares.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. Safe Auto has applied to list its common shares on the Nasdaq Global Select Market under the ticker symbol “SAIG”.
BofA Merrill Lynch and Deutsche Bank Securities will act as book-running managers for the offering. Keefe, Bruyette & Woods, A Stifel Company; Sandler O’Neill + Partners, L.P.; and Dowling & Partners Securities, LLC will serve as co-managers.
The offering will be made only by means of a prospectus.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.
Safe Auto is a privately held property/casualty auto carrier and provider of auto insurance for drivers in the nonstandard insurance market in 17 states across the U.S.
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