Downsize Thursday: A look back at other insurance IPOs following Fidelis' stock move
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Downsize Thursday: A look back at other insurance IPOs following Fidelis' stock move

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
June 30, 2023
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Select reinsurance companies IPO offer price vs range_lead.png

Yesterday, Fidelis Insurance Holdings (FIHL) disclosed a downsized offering of 15 million shares at a lowered offering price of $14/share vs a prior range of 17 million shares between $16 to $19/share. Further, Fidelis' stock slipped at its debut, closing at $12.90/share, down 8%, although it regained some ground in early trading Friday to move back to $13.55.

This begets three questions for followers of insurance companies:

1. Do insurance stocks list above/below their expected range when they IPO?

2.

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Topics

Research Core Specialty InsurTech IPOs Stocks Fidelis Insurance
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Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
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