The American's integrity insurance group offers the initial public share of 6,875 shares for $…
IPO’s honesty prices $ 16 per share, target $ 126m
The American’s integrity insurance group offers the initial public share of 6,875 shares for $ 16.00 shares.
Offering includes 6,250,000 shares sold by American and 625,000 shares offered by shares available. As was previously revealed in the filing of its April, the company will not be made from stock by stocking.
In addition, the existing shareholders are allowed to buy 30 days to buy up to 1,031,250 shares more at 7,906,250 shares
If the above option is fully used, IPO can go up all $ 126.5 million.
American balance say it is intending to use net procedures from taxation and rents associated with existing management agreements.
The stock is expected to start the trading in New York shares today, 2025 under the South AII symbol.
The offering is expected to close on May 9, 2025, depending on the traditional context.
Keeyefe, Bruyetteette & Woods, Stifel, Piper Sandler, and Raymond James is expressed as a passing writer. Opplenheimer & Co. Is displayed as a manager for the sacrifice.
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