Home Breadcrumb caret News Breadcrumb caret Industry Fairfax pulls U.S. IPO as markets dive Toronto-based Fairfax Financial Holdings Ltd. (TSE: FFH) is withdrawing its initial public offering (IPO) for its U.S. subsidiary Crum & Forster Holdings, citing “current unfavorable market conditions”. Fairfax filed a registration with the U.S. Securities and Exchange Commission in March to offer the common stock. The company also notes that it has netted US$69 million […] July 31, 2002 | Last updated on October 1, 2024 1 min read Chart as of July 27, 2002 Toronto-based Fairfax Financial Holdings Ltd. (TSE: FFH) is withdrawing its initial public offering (IPO) for its U.S. subsidiary Crum & Forster Holdings, citing “current unfavorable market conditions”. Fairfax filed a registration with the U.S. Securities and Exchange Commission in March to offer the common stock. The company also notes that it has netted US$69 million aggregate cash proceeds by unwinding US$500 million of its total US$1.1 billion in S&P 500 Index puts. Save Stroke 1 Print Group 8 Share LI logo
