Stewart Information Services (STC) said late Wednesday it launched an underwritten public offering of 1.9 million common shares, all sold by the company.
Underwriters are granted a 30-day option to buy an additional 285,000 shares.
The company said the final size and terms of the offering remain subject to market conditions.
Shares of Stewart Information Services were down nearly 3% in after-hours trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.