NMI Holdings Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NMI Holdings Inc Announces Closing Of Initial Public Offering And Full-Exercise Of Over-Allotment Option
NMI Holdings, Inc announced that the closing of its initial public offering of 2,415,000 shares of common stock, including 315,000 shares of common stock issued upon the exercise in full by the underwriters of their option to purchase additional shares to cover over-allotments, at a public offering price of $13.00 per share, before underwriting discounts. In addition, 3,395 shares of common stock were sold by certain stockholders in the initial public offering. The Company will not receive any proceeds from the sale of shares by the selling shareholders. The Company received net proceeds from the offering of approximately $29.5 million, before expenses. The Company's common stock began trading on the NASDAQ Global Market on November 8, 2013 under the symbol "NMIH."
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