NMI Holdings reports plans to price initial public offering of stock

Proceeds used for working capital and other general corporate purposes

By Devika Patel

Knoxville, Tenn., Oct. 9 - NMI Holdings, Inc. will price an initial public offering of class A common stock with a 30-day greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.

FBR is the bookrunning manager.

Proceeds will be used for working capital and other general corporate purposes.

The Emeryville, Calif., company provides private mortgage insurance. The company expects its shares will trade on the Nasdaq under the symbol "NIMH."

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