Enact Holdings (ACT) Launches 13.3M Share IPO

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Go back to Enact Holdings (ACT) Launches 13.3M Share IPO

Enact Announces Launch of Initial Public Offering

September 13, 2021 7:50 AM EDT

RALEIGH, N.C., Sept. 13, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has commenced an initial public offering of 13,310,400 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc. (GHI), a wholly owned subsidiary of Genworth Financial, Inc., and net proceeds from the offering will go to GHI.

The initial public offering price is expected to be between $19.00 and $20.00 per share. GHI expects to grant the underwriters a 30-day option to purchase up to an... More