The deal size was increased from 8.36M shares to 9.84M and price below last closing price of $27.94. Morgan Stanley, JPMorgan and Goldman Sachs are acting as joint book running managers for the offering.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NP:
- Neptune Insurance files to sell 8.36M shares of Class A common stock for holders
- Neptune Insurance Q1 Call Highlights AI-Fueled Growth
- Neptune Insurance price target raised to $35 from $31 at Evercore ISI
- Neptune Insurance price target raised to $26 from $25 at Morgan Stanley
- Analyst Reiterates Hold on Neptune, Sees Balanced Risk-Reward with Price Target Maintained at $25