CNFR News

Equity Selloff Hits Recent IPOs Recent IPOs have not been exempt from the steep selloff in the major indices. As of midday Friday, the Renaissance IPO Index was down 5.6% for the week, underperforming the S&P 500's -4.3% return. One of the most prominent IPOs of recent memory,...read more

Global Blood Therapeutics became the fifth IPO of 2015 to pop more than 100% on its first day. Year-to-date, 130 IPOs have raised $22 billion, or 31% fewer IPOs than last year and 45% less capital. Even with six postponements this month, ...read more

Conifer Holdings, a specialty property insurance provider led by executives from North Pointe, raised $33 million by offering 3.1 million shares at $10.50, below the range of $11 to $13. Conifer Holdings plans to list on the Nasdaq under the symbol CNFR. Conifer Holdings initially filed confidentially on 5/7/2015. BMO Capital Markets and Raymond James acted as lead managers on the...read more

Conifer Holdings, a specialty property insurance provider led by executives from North Pointe, lowered the proposed deal size for its upcoming IPO on Wednesday. The Birmingham, MI-based company now plans to raise $37 million by offering 3.1 million shares at a price range of $11 to $13. The company had previously filed to offer 4.6 million shares at a range of $11 to $13. At the...read more