NMI Holdings announces IPO price
Trades under symbol NMIH
NMI Holdings (NMIH), the parent company of National Mortgage Insurance Corporation, announced the pricing of its initial public offering of 2,103,395 shares of its common stock at $13.00 per share, the company announced in a press release.
The stock will begin trading on Nov. 8 on the NASDAQ under the symbol “NMIH”.
The Company is offering 2,100,000 shares of its common stock and the selling stockholders are offering a total of 3,395 shares of common stock. The underwriters of the offering have a 30-day option to purchase up to an additional 315,000 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.