National Insurance Ipo Price

National insurance ipo price

National insurance ipo price

Specialty insurer ProSight Global announced the pricing of the initial public offering (IPO) of 7.8 million shares of common stock at a price to the public of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 25, 2019 under the ticker symbol “PROS”.

ProSight Global announced its plan for an IPO last week and said it hopes to raise at least $140 million.

At that time, the IPO price was expected to be between $16.00 and $18.00 per share.

ProSight is offering 4.3 million shares of common stock and the selling stockholders are offering 3.5 million shares of common stock.

National insurance ipo price

In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1 million shares of common stock from the selling stockholders at the IPO price less the underwriting discount.

The closing of the offering is expected to occur on July 29, 2019, subject to the satisfaction of customary closing conditions.

Goldman Sachs and Barclays are acting 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 are acting as co-managers for the offering.

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