Fidelis raises $89.4mn from underwhelming IPO
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Fidelis raises $89.4mn from underwhelming IPO

Kyoung-son Song
July 03, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
fidelis insurance group logo Nasdaq Times Square.jpg

Fidelis Insurance Holdings has raised net proceeds of approximately $89.4mn from its initial public offering, under which shares began trading on the New York Stock Exchange on June 29.

The company plans to use the proceeds to make capital contributions to its insurance operating subsidiaries, which should enable it to “take advantage of the ongoing rate hardening in the key markets in which it participates by writing more...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsFidelis InsuranceIPOs
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article