The subsidiary of Genworth Mortgage Holdings Inc. can go public until mid-summer
April 19, 2021
Henrico County-based Fortune 500 insurer Genworth Financial Inc. filed Monday with the Securities and Exchange Commission for a proposed IPO of the company’s mortgage insurance business.
JP Morgan and Goldman Sachs & Co. LLC will act as joint book-running managers for the proposed offering from Genworth Mortgage Holdings Inc. (GMHI), a wholly-owned Genworth subsidiary, according to a company statement.
The number of shares offered and the price range for the proposed offer have not yet been determined.
During an extraordinary general meeting in early January, Tom McInerney, President and CEO of Genworth said the company plans to go public for GMHI in the first half of 2021.
The IPO takes place earlier this month as Genworth The long-belated $ 2.7 billion acquisition has officially ended from China-based Oceanwide Holdings Group Co. Ltd.