Reported Earlier, TWFG Insurance Prices Its Initial Public Offering Of 11M Common Shares At $17/Share For Gross Proceeds Of $187M
Portfolio Pulse from Benzinga Newsdesk
TWFG Insurance has priced its initial public offering (IPO) of 11 million common shares at $17 per share, aiming to raise gross proceeds of $187 million.
July 18, 2024 | 5:00 am
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TWFG Insurance has set the price for its IPO at $17 per share, with the goal of raising $187 million from the sale of 11 million common shares.
The pricing of TWFG's IPO at $17 per share is a significant event, as it sets the stage for the company's entry into the public market. The raised capital of $187 million could be used for expansion, debt repayment, or other corporate purposes, which is generally viewed positively by investors.
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