According to Seeking Alpha, mortgage insurer Essent Group (ESNT) backed by George Soros, Goldman Sachs (GS) and JPMorgan Chase (JPM) priced its initial public offering above expectations at $17.
At a price of $17, the company would be valued at about $1.4B and the 19.7M shares sold (24% of company) will raise nearly $335M.
Essent will trade under the symbol ESNT.
