Private-equity-backed Hamilton Insurance Group eyes $210 million of proceeds in initial public offering
Hamilton Insurance Group Ltd. said late Wednesday it plans to offer 15 million shares at an estimated price range of $16 to $18 a share in its upcoming initial public offering on the New York Stock Exchange under the ticker symbol "HG". At the midpoint of the price range, the IPO will raise $210 million, not including additional stock from underwriters. Underwriters on the deal include Barclays, Morgan Stanley, Citigroup and Wells Fargo Securities. Principal shareholders of the company include Hamilton Lane Inc. (HLNE), Blackstone Inc. (BX), Magnitude Partners and Hopkins Holding LLC. The 500-employee company describes itself as a specialty insurance and reinsurance firm, which was founded in 2013 and is based in Bermuda.
-Steve Gelsi
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