IPO News Archive
Citi's life insurance unit Primerica files for IPO

11/5/09


Citi-owned Primerica, a distributor of term life insurance, mutual funds, variable annuities, and other financial products to middle income households, filed on Thursday with the SEC in an initial public offering. The Duluth, GA-based company, which was founded in 1977 as A.L. Williams & Associates, filed to raise $100 million in its offering; however, we suspect the deal size will increase significantly given the size of the business ($2 billion in sales booked over the last 12 months). Citi is also the sole underwriter on the deal, for which pricing terms were not disclosed.

View IPO Profile: PRI         
Related Links: Recently Filed IPOs
Source: www.RenaissanceCapital.com
Latest User Comments

Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the IPO Plus Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in the IPO Plus Fund
About Fund Prospectus Invest