other material
confidence high
sentiment positive
materiality 0.85
Hamilton Insurance Group prices IPO at $15/sh, closes Nov 14, net proceeds ~$80.6M
Hamilton Insurance Group, Ltd.
- IPO of 15M Class B shares at $15.00/sh; 6.25M primary shares from company, 8.75M secondary from existing shareholders.
- Net proceeds to company ~$80.6M after underwriting discounts and expenses; will be used for capital contributions to operating platforms.
- Shares began trading on NYSE under symbol 'HG' on November 10, 2023.
- Underwriters granted 30-day option to purchase up to additional 2.25M shares from selling shareholders at IPO price.
- Company adopted fourth amended and restated bye-laws and entered into shareholders agreement effective upon closing.