JERSEY CITY, N.J., Oct. 7, 2009 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today the pricing of its initial public offering of 85,250,000 shares of the Company's Class A common stock at a price of $22.00 per share. Total proceeds from the offering are approximately $1.9 billion.
The shares of Verisk Analytics are expected to begin trading today on the NASDAQ Global Select Market under the ticker symbol "VRSK." Verisk will not receive any proceeds from the sale of shares in the offering.
BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers for the offering. J.P. Morgan and Wells Fargo Securities are acting as senior co-managers. William Blair & Company, Fox-Pitt Kelton Cochran Caronia Waller, and Keefe, Bruyette & Woods are acting as co-managers. Certain of the selling stockholders have granted the underwriters a 30-day option to purchase an additional 12,745,750 shares to cover over-allotments, if any.
The shares of Class A common stock are being offered only by means of a prospectus. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080, telephone: 1-212-449-1000, or from Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, or by sending email to prospectus@morganstanley.com.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources.
The Verisk Analytics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6694