NMI to price initial public stock offering between $11.00 and $13.00

Proceeds used for working capital and other general corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 1 - NMI Holdings, Inc. will sell 2.1 million class A common shares in its initial public offering with a 30-day greenshoe of 315,000 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Oct. 9.

The shares will be sold at a price expected to fall between $11.00 and $13.00 per share.

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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