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Essent Group prices IPO at $17, above the range

By: Renaissance Capital
Posted: 10/31/2013 8:12:00 AM
Referenced Stocks: ESNT

Essent Group, a recently formed private mortgage insurance company, raised $335 million by offering 19.7 million shares at $17, above the range of $13.50 to $15.50. Essent Group plans to list on the NYSE under the symbol ESNT. Goldman Sachs, J.P. Morgan, Barclays and Credit Suisse acted as lead managers on the deal.