CastlePoint Holdings, which provides property and casualty insurance and reinsurance mainly to Tower Group, priced Thursday at $14.50 per share, a 4% premium to the midpoint of its anticipated $13-$15 range. The company also sold approximately 24% more shares than originally planned; 7.7 million shares were sold, including 120 thousand from selling shareholders. Friedman Billings was the lead manager on the deal. The stock is expected to begin trading Friday on the NASDAQ under the ticker "CPHL."
