Enact Holdings (ACT) IPO 5% Higher

September 16, 2021 11:31 AM EDT

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Today's IPO for Enact Holdings, Inc. (NASDAQ: ACT) opened for trading at $20 after pricing 13,310,400 shares of common stock at a price to the public of $19.00 per share.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as lead book-running managers for the offering. BofA Securities, Inc. and Credit Suisse Securities (USA) LLC are serving as joint book-running managers and Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Keefe, Bruyette & Woods, Inc., BTIG LLC and Dowling & Partners Securities LLC are serving as co-managers.

Enact, operating principally through its wholly owned subsidiary Genworth Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in-class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

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