Mortgage Insurer Essent Files For IPO
Mortgage insurer Essent Group Ltd filed to raise up to $287.5 million in an initial public offering of its common stock. The filing did not reveal how many shares the company planned to sell or their expected price.
The book-running managers for the offering will be Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities [USA] LLC. Dowling & Partners Securities LLC, Keefe, Bruyette & Woods, Inc. and Macquarie Capital [USA] Inc. will act as co-managers for the offering.
The Company, a Bermuda limited liability company, was organized in 2008. Essent began writing business in May of 2010.
