Bloomberg – Fidelity & Guaranty Life, the insurer controlled by billionaire Philip Falcone’s Harbinger Group Inc., raised $165.75 million in its initial public offering, pricing the shares at the low end of the range.
Fidelity sold 9.75 million shares for $17 apiece, according to a statement yesterday, after offering them for $17 to $19. The sale of a 17 percent stake values the company at $965 million.
