Mortgage insurer Essent Group prices IPO at $17 a share

Essent Group LTD. (ESNT) is a Bermuda-domiciled holding company and the parent of Essent Guaranty, one of the fastest growing and most financially stable mortgage insurers in the U.S. The Group’s major subsidiaries include: Essent Guaranty and Essent Reinsurance.

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Mortgage insurer Essent Group Ltd. on Monday filed for an initial public offering, backed by investors including Goldman Sachs Group Inc. and george soros. goldman sachs, JPMorgan Chase & Co. and Barclays PLC are managing the share sale, according to a Bloomberg News report, citing the firm’s regulatory filing.

 · The government is getting ready to start cashing out of another bailout. Ally Financial filed Thursday to sell shares to the public. The company didn’t say how much money it expects the offering.

Shares of the auto insurer. price range of $16 to $17. It’s raising $198 million with underwriters CS First Boston and Merrill Lynch by offering 12.4 million shares. The spinoff from American.

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Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand sales.

3 days ago · Headquartered in Radnor, Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and.

Savings and Loan Scandal: Taxpayer Bailout Mortgage insurer Essent Group Ltd. filed to raise up to $287.5 million in an initial public offering of its common stock as the company looks to benefit from a recovering U.S. residential housing market.

HAMILTON, Bermuda, Oct. 30, 2013 /PRNewswire/ — Essent Group Ltd. (the "Company") today announced that it had priced its initial public offering of 19,710,118 common shares at $17.00 per share.

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The stock awards were valued using the $17-per-share IPO price. owns two insurance subsidiaries. The company laid off hundreds of employees and made other cost cuts in recent years as management.

Essent Group Ltd. saw an IPO on October 31 2013 that raised 5 million. The company sold 19.7 million shares in the IPO at $17 per share. Why did George Soros open a new position in Essent Group?