NMI Holdings -7% after pricing equity offering


NMI Holdings (NASDAQ:NMIH-7% has priced its upsized public offering of 13.8M common shares (from 10M shares) at $14.50.

Underwriters over-allotment is another 2.07M shares.

Net proceeds of ~$191M or ~$220M, if the underwriters exercise their option to purchase additional shares in full will be used for general corporate purposes.

Closing date is June 8.





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