TWFG, Inc. has a Form S-1 registration statement on file for an initial public offering; the original was filed before the period this page covers, and the earliest filing here is an amendment filed on 2024-07-09. Amendments on record here: 2. It filed its final prospectus on 2024-07-19, at a public offering price of $17.00 per share. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have been approved to list our Class A common stock on the Nasdaq Global Select Market, or Nasdaq, under the symbol “TWFG.”From the 424B4 filed 2024-07-19
Offering price
The initial public offering price is $17.00 per share.From the 424B4 filed 2024-07-19
Use of proceeds
we intend to use the net proceeds from this offering (including net proceeds received if the underwriters exercise their option to purchase additional shares of Class A common stock) to acquire a number of newly-issued LLC Units equal to the number of shares of Class A common stock issued in this offering from TWFG Holding Company, LLC, at a purchase price per LLC Unit equal to the initial public offering price of Class A common stock after underwriting discounts and commissions.From the 424B4 filed 2024-07-19
Revenue
For the three months ended March 31, 2024 and 2023 and the years ended December 31, 2023 and 2022, we generated revenue of $46.3 million and $39.9 million and $172.9 million and $153.9 million, respectively, representing quarter-over-quarter growth of 16.2% and year-over-year growth of 12.4%, including Organic Revenue Growth of 13.3% quarter-over-quarter and 11.2% year-over-year.From the S-1/A filed 2024-07-15
Net loss or income
For the three months ended March 31, 2024, we generated $6.6 million of net income, $5.2 million of Adjusted Net Income and $9.0 million of Adjusted EBITDA.From the S-1/A filed 2024-07-15
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-09 | Registration statement amended | S-1/A |
| 2024-07-15 | Registration statement amended | S-1/A |
| 2024-07-19 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.