Mortgage insurer Essent Group prices IPO at $17 a share

HAMILTON, Bermuda, Nov. 5, 2013 /PRNewswire via COMTEX/ — Essent Group Ltd. (the "Company") today announced the closing of its previously announced initial public offering of 22,666,635 shares of.

Essent Group, a private equity-backed mortgage insurance company, priced its IPO at $17 per share and went public.Shares now trade on the NYSE under the symbol ESNT. The company took in private equity funding in 2009 from Pine Brook (which owned a 22.69% pre-IPO stake), Goldman Sachs (11.35%) and J.P. Morgan (8.87%), among others.

You Bet Your Life: Secret Word - Sky / Window / Dust Mortgage insurer Essent Group Ltd filed to raise up to $287.5 million in an initial public offering of its common stock as the company looks to benefit from a recovering U.S. residential housing.

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Emdeon shares were up 11.6 percent in late morning trading on the New York Stock Exchange, at $. IPO. Starwood Property, a real estate investment vehicle that also listed on the Big Board, edged.

The mortgage insurer backed by George Soros, goldman sachs (nyse:gs), and JPMorgan (NYSE:JPM) had expected a price range of $13.50-$15.50.. Essent Group prices IPO above expectations at $17 per. Essent Group prices IPO above expectations at $17 per.

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One of its portfolio companies, staffing services giant Staffmark, has filed for a $125 million IPO and this. first time buyers, mortgage insurers like MGIC, Radian Group and California based PMI.

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Essent Group Ltd. saw an IPO on October 31 2013 that raised $335 million. The company sold 19.7 million shares in the IPO at $17 per share. Why did George Soros open a new position in Essent Group?

Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand sales.

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