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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.

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



This article appears in: News Headlines , IPOs



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