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Heritage Insurance prices IPO at $11, below the range

May 22, 2014

Heritage Insurance Holdings, a Florida-based residential property and casualty insurance company, raised $66 million by offering 6.0 million shares at $11, below the range of $14 to $16. Heritage Insurance Holdings plans to list on the NYSE under the symbol HRTG. Heritage Insurance Holdings initially filed confidentially on 2/13/2014. Citi acted as the sole bookrunner on the deal.