Hub announces U.S. PO pricing

Broker network consolidator Hub International Ltd. (TSE: HBG) has announced an initial U.S. public offering of 6,000,000 common shares priced at US$14 a share.

Hub International has granted the PO’s underwriters an option to offer up to 900,000 additional shares to cover over-allotments, The new common shares will begin trading on the New York Stock Exchange under the symbol “HBG” as from June 18. J.P. Morgan Securities Inc. is the lead manager for the offering, with co-managers Cochran, Caronia Securities LLC, Stephens Inc., BMO Nesbitt Burns Corp. and Ferris, Baker Watts, Inc. Copies of the prospectus may be obtained from the offices of J.P. Morgan Securities Inc. The prospectus has not been filed in Canada as the shares are not qualified for sale under the securities laws of Canada.