AWAC prices IPO
Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) has announced a guide range for the flotation price for its shares on the New York Stock Exchange. AWAC said the 8.8m common shares should start trading for between $34.00 and $37.00 apiece.
Underwriters have an over-allotment option of a further 1.32m shares, giving the company an eventual free float of between 14.9% and 17.1%. AWAC said that after the IPO the company will have 58Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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