Goosehead Insurance $98 Million Initial Public Offering

Davis Polk advised Goosehead Insurance, Inc. on its $98.095 million initial public offering of 9,809,500 shares of Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares.

The shares of Class A common stock are listed on the NASDAQ Global Select Market under the symbol “GSHD.”

Goosehead is an independent personal lines insurance agency that distributes its products and services throughout the United States. Goosehead represents over 80 insurance companies that underwrite personal lines and small commercial lines risks and its operations include a network of seven corporate sales offices and over 400 franchise locations. The company, led by Mark E Jones, Michael C Colby and Mark S Colby, is based in Westlake (Texas)

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. (Picture) and Shane Tintle and associates Pedro J. Bermeo, Matthew M. Funk and Bria J.M. Cunningham. The executive compensation team included partner Kyoko Takahashi Lin and associate Joseph S. Brown. The tax team included partner Michael Mollerus and associate Isaac MacDonald. The credit team included partner Joseph P. Hadley.

Involved fees earner: Richard Truesdell Jr. – Davis Polk & Wardwell; Shane Tintle – Davis Polk & Wardwell; Pedro Bermeo – Davis Polk & Wardwell; Matthew Funk – Davis Polk & Wardwell; Bria J.M. Cunningham – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Joseph Brown – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Isaac MacDonald – Davis Polk & Wardwell; Joseph P. Hadley – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Goosehead Insurance Inc;

Author: Ambrogio Visconti