IPOs
By The Online Investor Staff, updated Thu., Sep. 23, 1:53 AM
| This Slide: #1 of 15 |
Slide #1. Enact Holdings, Inc. — Initial Public Offering
Company:
Enact Holdings, Inc.
Proposed Symbol:
ACT
Shares Offered:
13,310,400
Price Per Share:
$19.00
Over-Allotment:
1,996,560
Description:
Enact Holdings, Inc. (Enact) today announced the pricing of its initial public offering of 13,310,400 shares of common stock at a price to the public of $19.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on September 16, 2021 under the ticker symbol "ACT." The offering is expected to close on September 20, 2021, subject to customary closing conditions. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc. (GHI), a wholly owned subsidiary of Genworth Financial, Inc., and Enact will not receive any proceeds from the sale of shares by GHI. In addition, GHI has granted the underwriters a 30-day option to purchase up to an additional 1,996,560 shares of Enact common stock from GHI at the initial public offering price, less the underwriting discount.
