Hamilton Insurance Group Ltd. said late Wednesday it plans to offer 15 million shares at an estimated price range of $16 to $18 a share in its upcoming initial public offering on the New York Stock Exchange under the ticker symbol “HG”. At the midpoint of the price range, the IPO will raise $210 million, not including additional stock from underwriters. Underwriters on the deal include Barclays, Morgan Stanley, Citigroup and Wells Fargo Securities. Principal shareholders of the company include Hamilton Lane Inc.
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Blackstone Inc.
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Magnitude Partners and Hopkins Holding LLC. The 500-employee company describes itself as a specialty insurance and reinsurance firm, which was founded in 2013 and is based in Bermuda.
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