Home Breadcrumb caret News Breadcrumb caret Industry Fairfax withdraws Crum & Forster IPO Toronto-based Fairfax Financial Holdings Ltd. (TSE: FFH) is withdrawing its initial public offering (IPO) for U.S. subsidiary Crum & Forster Holdings, citing “current unfavorable market conditions”.Fairfax had 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 […] By Canadian Underwriter | July 9, 2002 | Last updated on October 30, 2024 1 min read Toronto-based Fairfax Financial Holdings Ltd. (TSE: FFH) is withdrawing its initial public offering (IPO) for U.S. subsidiary Crum & Forster Holdings, citing “current unfavorable market conditions”.Fairfax had 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. Canadian Underwriter Save Stroke 1 Print Group 8 Share LI logo
