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Symetra IPO raises less than expected
22 January 2010
Symetra Financial Corporation sold 30.4 million shares on the New York Stock exchange at $12.70 yesterday, raising $364.8m. Symetra had said in October it hoped the IPO's size would hit $575m.
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Symetra Financial Corporation sold 30.4 million shares on the New York Stock exchange at $12.70 yesterday, raising $364.8m. Symetra had said in October it hoped the IPO's size would hit $575m.
The life and health insurer sold 20.7 million primary shares and 9.7 million secondary shares. At $12.70...
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