Created: Could 25, 2024 12:00 PM
Dan Burrows, CEO of Fidelis Insurance coverage Group (File {photograph})
Bermudian-based Fidelis Insurance coverage Holdings Ltd, the worldwide specialty insurer, has introduced the pricing of an underwritten secondary public providing of 9 million widespread shares by sure of its shareholders at a worth to the general public of $16 per widespread share.
FIHL isn’t promoting any widespread shares within the providing and won’t obtain any of the proceeds from the sale of the widespread shares provided by the promoting shareholders.
The providing is predicted to shut on Could 28, topic to customary closing circumstances.
Shares in FIHL closed on Wednesday at $16.75 on the New York Inventory Alternate.