04:42 AM EDT, 06/11/2025 (MT Newswires) -- Brown & Brown ( BRO ) said late Tuesday it has priced a public offering of 39.2 million shares at $102 per share for a total offering amount of $4 billion.

The offering is expected to close on Thursday and generate net proceeds of about $3.9 billion, the company said.

The company also granted underwriters a 30-day option to purchase up to $400 million of additional shares.

Brown & Brown ( BRO ) said it expects to use net proceeds in part to fund its acquisition of Accession Risk Management or for general corporate purposes.