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Underwriters of ProSight Global IPO fully exercise overallotment option

The underwriters of ProSight Global Inc.'s previously announced IPO of 7,857,145 common shares have fully exercised their overallotment option.

The underwriters purchased an additional 1,178,570 common shares from selling shareholders at $14 per share, less the underwriting discount.

The exercise of the overallotment option closed Aug. 15. ProSight Global did not receive any proceeds from the sale.

Goldman Sachs & Co. LLC and Barclays were the joint lead book-running managers, and Bank of America Merrill Lynch was the book-running manager for the offering. Dowling & Partners, Keefe Bruyette & Woods, SunTrust Robinson Humphrey and Citizens Capital Markets served as co-managers.