Kingsway announces Pricing of Common Stock of IPO of subsidiary 1347 PIH

01 Apr 2014

Kingsway Financial Services Inc. announced the pricing of the initial public offering of 1,887,500 shares of its common stock at a price to the public of USD 8 per share for its wholly owned subsidiary 1347 Property Insurance Holdings, Inc. (PIH). PIH has granted the representative of the underwriters a 45-day option to purchase up to 283,125 additional shares of common stock to cover over-allotments, if any.

Shares of PIH common stock are expected to trade on The NASDAQ Capital Market under the symbol PIH beginning on or about April 1, 2014. The closing of the offering is expected on or about April 4, 2014 subject to customary closing conditions.

Aegis Capital Corp. is acting as sole book-running manager for the offering.

EarlyBirdCapital, Inc. is acting as a co-manager for the offering.

Source: Dion Global Type: IPO Related

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