Liberty Mutual Agency Corp. expects to raise about $1.2 billion through an initial public offering, according to a filing with the U.S. Securities and Exchange Commission.
The stock will be traded under the NASDAQ symbol LMAC.
LMAC–a unit of Boston-based Liberty Mutual Group–said it would offer 64.3 million shares for between $18 and $20 per share. If demand is great, up to six million more shares could be offered.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
