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News - AWAC files $400m New York IPO.
(From Reinsurance)
Ending months of rumours, Bermudian specialty (re)insurer Allied World Assurance Holdings (AWAC) has confirmed its plans to list $400m of shares on the New York Stock Exchange (NYSE).
The S-1 form said that the shares should trade under the symbol 'AWH' and the cash raised is to repay a bank loan with the remainder for 'general corporate purposes'.
The initial public offering (IPO), which is to be handled by Goldman Sachs, will also bring original investors ...
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