Dallas-based property/casualty insurer Republic Companies Group Inc. announced an initial public offering of 6,000,000 common shares at a price of $14.00 per share.
J.P. Morgan Securities Inc. and Banc of America Securities LLC acted as the joint book-running managers in this offering. Keefe, Bruyette & Woods Inc. and Sandler O’Neill & Partners L.P. acted as co-managers.
Republic granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments, if any.
A copy of the prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., Addressing Department, One Chase Manhattan Plaza, Floor 5B, New York, N.Y. 10081 or Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, New York, NY 10001 or via e-mail at firstname.lastname@example.org.
A registration statement relating to Republic’s initial public offering of common shares has been filed with and declared effective by the Securities and Exchange Commission.
Through its subsidiaries and affiliates Republic provides personal and commercial property and casualty insurance products to individuals and small to medium-size businesses located primarily in Texas, Louisiana, Oklahoma and New Mexico.
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