Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / TIPT - Tiptree: Monetizing A Piece Of The Biggest Asset And Demonstrating Enormous Sum Of The Parts

TIPT - Tiptree: Monetizing A Piece Of The Biggest Asset And Demonstrating Enormous Sum Of The Parts

Tiptree Inc.
  • 10,666,667 @ $11.25/Fortegra share represents $120 million equity investment for 17.5% of Fortegra at $691 million valuation.
  • Warrants for another 3.52 million shares struck at $15, or $912 million.
  • $80 million of 8% preferred shares with small additional warrants.
  • Equity investment alone values Tiptree's stake in Fortegra @ $16.20/Tiptree share.
  • Rest of the business brings TIPT book value to $23.55/share.

For further details see:

Tiptree: Monetizing A Piece Of The Biggest Asset And Demonstrating Enormous Sum Of The Parts
Stock Information
Company Name: Tiptree Inc.
Stock Symbol: TIPT
Market: NASDAQ
Website: tiptreeinc.com
Menu
TIPT TIPT Quote TIPT Short TIPT News TIPT Articles TIPT Message Board
Get TIPT Alerts

News, Short Squeeze, Breakout and More Instantly...