Simpson Thacher represented the underwriters, led by J.P. Morgan, BofA Merrill Lynch, Keefe, Bruyette & Woods, Inc., A Stifel Company, and William Blair & Company, L.L.C., in the initial public offering of Goosehead Insurance, Inc. (“Goosehead”). A total of 9,809,500 shares of Class A common stock were sold in the offering at a price to the public of $10 per share, including 1,279,500 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters. Goosehead’s Class A common stock is 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 Simpson Thacher team included Joshua Ford Bonnie, William Golden, Natalie Karam and Mark Haddox (Capital Markets – D.C.); Pierce Pandolph (Tax); Steve DeLott (Insurance Regulatory); Noah DeBlasi (Credit); Patricia Adams (ECEB); Ellen Smiley (Public Company Advisory Practice); Abram Ellis, Andrew Hasty and Muran Zhu (Franchise Regulatory); Timothy Mulvihill (Environmental); Kate Stein (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).