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Symetra Financial sells extra shares but prices at the low end of the range

January 22, 2010
SYA

Symetra Financial, which provides group health, retirement, life and employee benefits insurance, priced its IPO at $12, the low end of the $12-$14 range, on Thursday evening. The company sold 30.4 million shares, 13% more than originally anticipated, with the upside coming from added primary shares. Symetra Financial plans to list on the NYSE under the symbol SYA; BofA Merrill Lynch, J.P. Morgan, Goldman Sachs and Barclays were the bookrunners on the deal.