Third Point Reinsurance looks to raise $370.6mn in IPO Third - TopicsExpress



          

Third Point Reinsurance looks to raise $370.6mn in IPO Third Point Reinsurance led by Daniel S. Loeb is looking to raise up to USD 370.6 million from its initial public offering. According to the media reports, Third Point Reinsurance plans to sell 22.2 million shares at USD 12.50 to USD 14.50 a share. At the midpoint of that range, the reinsurer would be valued at nearly USD 1.4 billion. In its filing, the company said that it intends to use the net proceeds of the offering for general corporate purposes, including the costs associated with being a public company. The company would be traded in New York Stock Exchange (NYSE) under the ticker symbol "TPRE."
Posted on: Thu, 08 Aug 2013 03:34:26 +0000

Trending Topics



Recently Viewed Topics




© 2015