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Share this article Share this article RICHMOND, Va., May 4, 2021 /PRNewswire/ Genworth Mortgage Holdings, Inc. (GMHI) today announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc. (GHI), a wholly owned subsidiary of Genworth Financial, Inc., and net proceeds from the offering will go to GHI.  In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (Enact). The initial public offering price is expected to be between $20.00 and $24.00 per share. GHI expects to grant the underwriters a 30-day option to purchase up to an additional 3,386,420 shares of Enact s common stock at the initial public offering price, less the underwriting discount.  The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol ACT.

New yorkUnited statesBroadridge financial solutionsHoldings incBayview asset managementGenworth holdings incJp morgan securitiesFinancial incExchange commissionPrnewswire genworth mortgage holdings incProspectus departmentGoldman sachs coMortgage holdingsGenworth holdingsEnact holdingsNasdaq global select market