: Fidelis Insurance prices IPO at $14 a share, below proposed range

Fidelis Insurance Holdings FIHL, a Bermuda-based reinsurance company, priced its initial public offering at $14 a share late Wednesday, below the proposed price range of $16 to $19. The company sold 14.8 million shares to raise $207.2 million at a valuation of $1.7 billion. Fidelis was previously planning to offer 17 million shares. The company has applied to list on the NYSE under the ticker “FIHL.” JP Morgan, Barclays and Jefferies were lead underwriters in a team of nine banks that worked on the deal.

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