Shares in home-loan insurer Genworth Mortgage Insurance Australia Ltd rose 14 percent on Tuesday in an upbeat first day of trading for the country's biggest initial public offer of the year so far.U.S. financial services giant Genworth Financial Inc raised A$583 million ($545 million) by selling 34 percent of its Australian business, joining a rush of companies to capitalise on the country's buoyant equity markets.After a two-year delay blamed on unfavourable market conditions, Genworth Financial revived the listing of its Australian unit this year as the country's benchmark S&P/ASX 200 Index rallied to a five-year-high.Genworth Australia shares opened at A$2.91 compared to an issue price of A$2.65, and hit a peak of A$3.02, giving it a market capitalisation of almost A$2 billion.
Genworth Financial, Inc. (Genworth) is a financial security company. Shares of GNW fell by 0.57% or $-0.1/share to $17.54. In the past year, the shares have traded as low as $10.10 and as high as $18.74. On average, 7037100 shares of GNW exchange hands on a given day and today's volume is recorded at 8176988.
Source
