ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million.

The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares of common stock. Broken down, ProSight is selling 3.5 million shares of common stock and the selling stockholders are offering just under 5.3 million shares.

ProSight’s IPO price is currently expected to be between $16.00 and $18.00 per share.

The selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 1.3 million shares of common stock from the selling stockholders at the IPO price less the underwriting discount.

ProSight hopes to list its common stock on the New York Stock Exchange under the ticker symbol “PROS.”

Goldman Sachs & Co. LLC and Barclays will act as joint lead book-running managers for the offering. BofA Merrill Lynch is also acting as a book-running manager for the offering. Dowling & Partners, Keefe, Bruyette & Woods, SunTrust Robinson Humphrey and Citizens Capital Markets will act as co-managers for the offering.

Source: ProSight Global