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News - AWAC grosses $344m from IPO.
(From Reinsurance)
Allied World Assurance Company Holdings (AWAC) has announced that Goldman Sachs, the book-running manager and representative of the underwriters of the company's 11 July 2006 initial public offering (IPO) of common shares, exercised its full over-allotment option to purchase an additional 1 320 000 of common shares priced at $34 per share, bringing the total shares offered to 10 120 000 with total gross proceeds of $344m.
The net proceeds from the offering will be used to repay a portion of the company's bank loan and for general corporate purposes.
A registration ...
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