Essent Group (NYSE:ESNT) made its public debut on Thursday, October 31. Shares of the private mortgage insurance company ended the first day with gains of 23.5% at $21.00 per share.I remain on the sid
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· Essent Group, a recently formed private mortgage insurance company, raised $335 million by offering 19.7 million shares at $17, above the range of $13.50 to $15.50. Essent Group.
· The mortgage insurer backed by George Soros, goldman sachs (nyse:gs), and JPMorgan (NYSE:JPM) had expected a price range of $13.50-$15.50.. Essent Group prices IPO above expectations at $17 per. Essent Group prices IPO above expectations at $17 per.
Essent Group Ltd. saw an IPO on October 31 2013 that raised $335 million. The company sold 19.7 million shares in the IPO at $17 per share. Why did George Soros open a new position in Essent Group?
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Mortgage insurer Essent Group Ltd. filed to raise up to $287.5 million in an initial public offering of its common stock as the company looks to benefit from a recovering U.S. residential housing market.
· The mortgage insurer backed by George Soros, Goldman Sachs (NYSE:GS), and JPMorgan (NYSE:JPM) had expected a price range of $13.50-$15.50.. Essent Group prices IPO above expectations at $17 per.
· 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.
Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand sales.
Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives The Mortgage Debt Relief Act of 2007 has survived the "fiscal cliff," which will invariably lead to a continued increase in the number of short sales nationwide. The "fiscal cliff" deal will extend the Act for another year, meaning that homeowners who receive debt forgiveness resulting from a foreclosure.
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.