Enact Holdings, Inc. has withdrawn its IPO in the amount of $541.82736 million.
May 13, 2021 at 12:00 am EDT
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Enact Holdings, Inc. has withdrawn its IPO in the amount of $541.82736 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 22,576,140
PriceRange: $20 to $24
Transaction Features: Carve-out; Reserved Share Offering
Enact Holdings, Inc. is a private mortgage insurance company. The Company operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. It is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.
ENACT HOLDINGS, INC. 
