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Monday, 05/10/2021 1:53:53 PM

Monday, May 10, 2021 1:53:53 PM

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BAD TIME FOR GENWORTH TO ANNOUNCE IPO FOR IT'S PMI UNIT AS PMI STOCK PRICES DECLINE

"The company aims to raise as much as $541 million, offering 22.57 million shares at a price range between $20 and $24 per share. Net proceeds from the offering will go to Genworth Holdings, which will retain roughly 80% ownership in the mortgage unit, a spokesperson for the company said."

https://www.insurancebusinessmag.com/us/news/breaking-news/genworth-announces-ipo-rebrands-into-enact-holdings-254136.aspx
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