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This publication broke news of the loan in May.
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Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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The program includes all perils coverage and third-event protection.
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Sources said preparations for a 2024 IPO were halted, but work could resume later this year.
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Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.