Procentury Corp (MM) (NASDAQ:PROS)
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From Jan 2020 to Jan 2025
ProCentury Corporation Announces Initial Public Offering of
Common Shares
COLUMBUS, Ohio, April 20 /PRNewswire-FirstCall/ -- PROCENTURY CORPORATION
announced today that its initial public offering of 8,900,000 Common Shares has
been priced at $10.50 per share. ProCentury is offering 8,000,000 Common
Shares and two selling shareholders are offering the other 900,000 Common
Shares. In addition, the Company has granted the underwriters an option to
purchase from the Company an additional 1,335,000 common shares to cover
over-allotments, if any. Friedman Billings Ramsey & Co. is acting as sole
book-running manager of the initial public offering with A.G. Edwards & Sons,
Inc. and Raymond James acting as co-managers.
A prospectus relating to the offering may be obtained, when available, from
Friedman Billings Ramsey & Co., Inc., 1001 19th Street North, Arlington,
Virginia 22209. An electronic copy of the prospectus will also be available
from the Securities and Exchange Commission's website at http://www.sec.gov/ .
About ProCentury Corporation
ProCentury Corporation (NASDAQ:PROS) is a specialty property and casualty
insurance holding company. Though its subsidiary, Century Surety Company, the
Company underwrites general liability, commercial property and multi-peril
insurance for small and mid-sized businesses. ProCentury primarily writes
excess and surplus lines insurance and markets its products through a select
network of general agents and brokers.
A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on April 20. This Press Release shall
not constitute an offer to sell or the solicitation of an offer to buy nor
there shall be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state.
DATASOURCE: ProCentury Corporation
CONTACT: Edward Feighan, Chief Executive Officer of ProCentury
Corporation, +1-614-895-2000
Web site: http://www.procentury.com/