NMI Holdings (NMIH), the parent company of National Mortgage Insurance Corporation, announced the pricing of its initial public offering of 2,103,395 shares of its common stock at $13.00 per share, the company announced in a press release.
The stock will begin trading on Nov. 8 on the NASDAQ under the symbol “NMIH”.
The Company is offering 2,100,000 shares of its common stock and the selling stockholders are offering a total of 3,395 shares of common stock. The underwriters of the offering have a 30-day option to purchase up to an additional 315,000 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.
