Genworth Values Mortgage Insurer Enact Holdings at $3.3 Billion in IPO
Richmond, Va.-based Genworth Financial, Inc. announced Monday that its wholly-owned subsidiary, Enact Holdings, Inc., plans to offer 13.3 million shares priced at $19 to $20 each in its upcoming initial public offering. This would value the mortgage insurer at up to $3.3 billion. The company said all shares will be sold by Genworth and it…