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Genworth Launches IPO of Mortgage Insurance Business

Saturday, May 08 2021
Lending
Written by  The Mortgage Leader

Genworth Financial has kicked off a flotation of shares in its mortgage insurance business. So reports the Richmond (Va.) Times-Dispatch.

GenworthGenworth Mortgage Holdings will be rebranded as Enact Holdings as part of its initial public offering on the Nasdaq Global Select Market.

The IPO is projected to bring in up to $541 million and Genworth will continue to own about 80% of the business.

Read the full article from Richmond (Va.) Times-Dispatch. 

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