Montpelier Re plans to raise $125mn from the initial public
offering of Blue Capital Re, according to an updated prospectus
filed yesterday with the Securities and Exchange Commission.
Blue Capital Re is offering 6.25mn shares at $20 per share and Montpelier Re will invest a further $50mn in a private placement running concurrently with the IPO.
The IPO underwriters have been granted the option to offer an additional $18.75mn shares should they sell shares in excess of the amount being...
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