Insurance company Ategrity (ASIC.US) is planning to IPO at a price of $14-16 per share, intending to raise $100 million.

The Zhitong Financial APP learned that the U.S. insurance company Ategrity Specialty Insurance announced the terms of its IPO on Tuesday. The New York-based company plans to issue 6.7 million shares at a price of $14 to $16 per share, raising $100 million. Based on the midpoint of the proposed offering price range, Ategrity Specialty Insurance's fully diluted market value will reach $706 million.