Essent Group Prices $286 Million IPO to Expand, Grow Mortgage Insurance Business, Manage Risks
October 24, 2013
Essent Group, a privately capitalized mortgage insurance firm, has announced plans to raise $286 million through the sale of 19.7 million common shares to fund the growth of its MI subsidiary. The initial public offering will be made at a price range of $13.50 to $15.50 per share, according to the companys filing with Securities and Exchange Commission. Domiciled in Bermuda, Essent has been approved to list its shares on the New York Stock Exchange under the symbol ESNT. Essent Group is offering...