Proceeds used for working capital and other general corporate purposes
By Devika Patel
Knoxville, Tenn., Nov. 8 - NMI Holdings, Inc. priced its $27.3 million initial public offering of stock with a $4.1 million greenshoe in a prospectus filed Friday with the Securities and Exchange Commission. The deal was announced Oct. 9.
The company will sell 2.1 million class A common shares at $13.00 apiece.
FBR is the bookrunner.
Settlement is expected Nov. 14.
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."
| Issuer: | NMI Holdings, Inc.
|
| Issue: | Class A common stock
|
| Amount: | $27.3 million
|
| Greenshoe: | $4,095,000
|
| Shares: | 2.1 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunner: | FBR
|
| Announcement date: | Oct. 9
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 14
|
| Stock exchange: | Nasdaq: NIMH
|
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