India, June 10 -- Brown & Brown Inc. (BRO) announced the pricing of its public offering of about 39.22 million shares of common stock, each with a par value of $0.10, at a public offering price of $102.00 per share. The total expected proceeds from the offering amount to $4 billion.
The offering is expected to close on June 12, 2025.
In addition, the company has granted the underwriters a 30-day option to purchase up to an additional $400 million in shares of common stock at the public offering price, less underwriting discounts.
The company expects that the net proceeds of the offering will be about $3.9 billion, after deducting underwriting discounts and expenses and assuming no exercise of the underwriters option to purchase additiona...