Sunday, 22 July 2007

RPT-IPO VIEW-Validus set to raise more than $450 mln in IPO

(Reuters) - NEW YORK, July 22 - Reinsurance company Validus
Holdings Ltd. will test investor enthusiasm with an initial
public offering it hopes will raise as much as $468 million
when it becomes the fourth in its sector this year to tap U.S.
public markets.




The Bermuda-based company, one of several reinsurers to
stage IPOs in recent months, has filed to sell 18 million
shares with an anticipated per-share price range of $24 to
$26.


Read more at Reuters.com Mergers News

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