Life insurance company Fidelity & Guaranty Life files for a $100 million IPO

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Fidelity & Guaranty Life, a life insurance provider targeting middle-income Americans, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, although that amount is likely just a placeholder. We expect the deal will be larger. The Baltimore, MD-based company, which was founded in 1959 and booked $1.4 billion in revenue for the 12 months ended June 30, 2013, has yet to announce an exchange or a ticker. Credit Suisse is the only bookrunner listed in the preliminary prospectus. No pricing terms were disclosed.

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This article appears in: News Headlines , IPOs

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