Bermuda’s Arch Capital Group Ltd. announced that its offering of 7,475,000 common shares at $25.50 per common share (See IJ Website April 4) resulted in net proceeds of approximately $179 million.
The offering, which closed on Monday, included the exercise in full of the underwriters’ over-allotment option. The company stated that, “the net proceeds of the offering will be used by the company principally to support future growth of its insurance and reinsurance operations.”|”arch, capital, public, offering, raises, $179, million,
Was this article valuable?
Here are more articles you may enjoy.
Death at Universal’s Orlando Resort Roller Coaster Ruled Accidental 
Trump Administration Turning to Private Firms in Cyber Offensive 
Hyundai, Kia Agree to Retrofit 7 Million Vehicles to Address Theft Concerns 
Poorer Americans Dropped Federal Flood Insurance When Rates Rose 
