NMI Holdings, which provides private mortgage insurance, filed on Wednesday with the SEC to raise up to $25 million in an initial public offering. The Emeryville, CA-based company, which was founded in 2011 and booked $1.5 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol NMIH. FBR Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
