Genworth Files for Mortgage Insurance Biz IPO


By Richard Foster, VirginiaBusiness

Henrico County-based Fortune 500 insurer Genworth Financial Inc. filed paperwork with the U.S. Securities and Exchange Commission Monday for a proposed initial public offering of the company’s mortgage insurance business.

J.P. Morgan and Goldman Sachs & Co. LLC will serve as joint book-running managers for the proposed offering of Genworth Mortgage Holdings Inc. (GMHI), a wholly owned Genworth subsidiary, according to a company statement.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said.


Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.