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April 1 (Bloomberg) — Primerica Inc., the insurance business that Sanford I. "Sandy" Weill used to build Citigroup Inc., jumped in its first day of trading after convincing buyers to pay more than the forecast price range for its shares in a $320 million initial public offering.
Primerica, the Duluth, Georgia-based distributor of consumer-finance products from term-life insurance to mutual funds, climbed as much as 30 percent to $19.51 as of 10:29 a.m. in New York Stock Exchange trading after selling about 21.36 million shares at $15 each yesterday, its filing with the Securities and Exchange Commission and Bloomberg data showed. The IPO raised 27 percent more than the company sought when it offered 18 million shares at $12 to $14.
April 1 (Bloomberg) — Primerica Inc., the insurance business that Sanford I. "Sandy" Weill used to build Citigroup Inc., jumped in its first day of trading after convincing buyers to pay more than the forecast price range for its shares in a $320 million initial public offering. Primerica, the Duluth, Georgia-based distributor of consumer-finance products from [...]
Primerica – Insurance Business Jumps on First Day After $320 Million IPO
Primerica – Insurance Business Jumps on First Day After $320 Million IPO
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