Watford Holdings Ltd. will list its common shares on the Nasdaq Global Select Market on or about March 27.
The company's registered shareholders will resell up to 3,593,003 common shares in its direct listing. Sales will be made through brokerage transactions on the Nasdaq Global Select Market at prevailing market prices.
Watford's financial adviser, J.P. Morgan Securities LLC, will provide notice that the shares are ready to trade. After it approves of moving forward at a current reference price calculated by the Nasdaq Stock Market, orders will be executed and trading will commence.
Watford Holdings will not receive any proceeds from the sale.