Third Point Reinsurance prices downsized IPO at $12.50, at low end of the range

By
A A A

Third Point Reinsurance, a Bermuda-based specialty property and casualty reinsurer, raised $276 million by offering 22.1 million shares at $12.50, at the low end of the range of $12.50 to $14.50. The company had originally planned to offer 22.2 million shares. Third Point Reinsurance plans to list on the NYSE under the symbol TPRE. Third Point Reinsurance initially filed confidentially on 5/14/2013. J.P. Morgan, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and Citi acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: TPRE

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM