BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
NEW YORK--Bermuda-based Flagstone Reinsurance Holdings Ltd. raised $175.5 million in its initial public offering, giving the company an initial market capitalization of about $1.1 billion.
The reinsurer intends to use the new capital to increase its underwriting capacity.
In the Thursday offering, 13 million Flagstone shares sold for $13.50 each. Flagstone had expected the shares to sell for between $12.50 and $14.50.
Flagstone's shares are being traded on the New York Stock Exchange under the symbol FSR.