American Integrity Insurance Group (AII) shares opened 15.6% higher than the IPO price on the New York Stock Exchange on Thursday.
Shares of the residential insurance firm, which priced its IPO of 6.9 million common shares at $16.00 per share Wednesday, opened at $18.50 per share on Thursday morning. The shares are up over 14% in recent activity, trading at around $18.3 apiece.
The offering, which is expected to close Friday, consists of 6.3 million shares being sold by the company and 625,000 shares to be sold by existing stockholders. Certain American Integrity shareholders have also granted the underwriters a 30-day option to purchase up to an additional 1.0 million shares.
The company plans to use the proceeds for general corporate purposes. It will not receive any proceeds from the sale of shares by the selling shareholders.
Price: 18.30, Change: +2.30, Percent Change: +14.38
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。