NMI Holdings closes IPO offering

NMI Holdings (NMIH), the parent company of National Mortgage Insurance Corp., closed its initial public offering of 2.4 million shares of common stock at $13.00 per share before underwriting discounts.

In addition, 3,395 shares of common stock were sold by certain stockholders in the initial public offering.

The company received net proceeds of $29.5 million before expenses.

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