Genworth raises $535mn from relaunched Enact IPO and private sale

IM-Nasdaq-Genworth

Private mortgage insurer Enact Holdings has completed an initial public offering (IPO) as well as a private sale of shares to Bayview Asset Management, with parent Genworth intending to use the $535mn in proceeds it received after underwriters’ fees to repay a note secured to cover a settlement with Axa.

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