United Guaranty Corp. requested the withdrawal of the registration statement related to its planned IPO, effective Dec. 30.
The company decided not to proceed with the planned public offering because the selling stockholder has entered into a private transaction to sell to Arch Capital Group Ltd. 100% of the common stock of the company, which was to be contributed by the selling stockholder to the company in connection with the planned IPO.
The registration statement has not been declared effective by the SEC. United Guaranty confirms that none of its securities were sold pursuant to the registration statement.
United Guaranty is a subsidiary of American International Group Inc.