Genworth’s Enact valued at $3.26 billion as share rise in Nasdaq debut By Reuters – Investing.com
- Date: 16-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Genworth’s Enact valued at $3.26 billion as share rise in Nasdaq debut By Reuters – Investing.com
(Reuters) - Shares of Enact Holdings Inc, the mortgage insurance unit of insurer Genworth Financial Inc (NYSE:), traded more than 5% higher in their Nasdaq debut on Thursday, giving it a valuation of $3.26 billion.
Shares opened at $20, compared to their initial public offering price (IPO) of $19 per share.
The debut comes after parent Genworth revived Enact's IPO earlier in the week. It had deferred the offering in May, citing excessive market volatility.
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