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1347 Property Insurance Holdings Inc announces closing of initial public offering of common stock

Friday, 4 Apr 2014 05:15pm EDT 

1347 Property Insurance Holdings Inc:Closes initial public offering of 1,887,500 shares of common stock at price to public of $8.00 per share.Exercise in full by representative of underwriters of 45-day option to purchase up to 283,125 additional shares of common stock to cover over-allotments.After exercise of over-allotment, PIH issued 2,170,625 common shares for total gross proceeds of $17,365,000.Aegis Capital Corp. acted as sole book-running manager for offering.EarlyBirdCapital, Inc. acted as a co-manager for offering. 

Company Quote

0.03 +0.39%
27 Feb 2015