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International General Insurance (Tiberius Acquisition) Priced, Nasdaq: IGIC

Blank check company formed to acquire a middle-market insurance business (completed 3/17/2020).

Industry: SPAC

First Day Return: +0.2%

Industry: SPAC

We are a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our intent is to focus our efforts on seeking and completing an initial business combination within the middle-market insurance sector that has an expected enterprise value of approximately between $250 million to $800 million. We believe that this sector is highly fragmented,with hundreds of private companies facing a confluence of industry-specific factors contributing to ever increasing financial and operating pressures, which we believe may impede companies' ability to effectively compete and create attractive acquisition opportunities. Our management team will be lead by Chairman and CEO Michael Gray and CIO Andrew Poole, supported by a team of executives at middle-market property and casualty insurance company The Gray Insurance Company.
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IPO Data
IPO File Date 02/20/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/15/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $150
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Metairie, LA, United States
Founded 2015
Employees at IPO 3
Website www.tiberiusco.com

International General Insurance (Tiberius Acquisition) (IGIC) Performance