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Kyle Bass’ Hayman Advisors Discloses Position in Post-IPO NMI Holdings

Kyle Bass‘ fund Hayman Advisors has added NMI Holdings Inc (NASDAQ:NMIH) to its equity portfolio, a new filing with the SEC revealed. The new position is activist by nature and contains around 5.5 million shares of the company, which represent 9.5% of the outstanding common stock. NMI Holdings has recently closed its Initial Public Offering.

Kyle Bass

NMI offers residential mortgage insurance on mortgages originated in United States. The company went public on November 8th. In total, 2.4 million shares were put up for sale. Following the Initial Public Offering (IPO), the company reported net proceeds of $29.5 million, before expenses. The company priced the IPO at $13 a share, with the current price being at $14. NMI Holdings has approximately $470 million worth of assets and liabilities of $12.5 million.


Disclosure: none