Video: Third Point Re Rings NYSE Opening Bell
Executives and guests of Bermuda-based Third Point Reinsurance Ltd. visited the New York Stock Exchange [NYSE] on Thursday [Aug 15] to celebrate the company’s initial public offering, which began trading under the ticker symbol “TPRE”.
In honour of the occasion, John R. Berger, Chairman, Chief Executive Officer and Chief Underwriting Officer, joined by members of Third Point Reinsurance Ltd.’s management team, rang the NYSE Opening Bell.
Shares hovered around their offer price on the first day of trading, valuing the reinsurer at about $1.27 billion. Third Point Re, controlled by billionaire hedge fund manager Dan Loeb, raised $275.6 million after its initial public offering of 22.05 million shares was priced at $12.50 each.
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