A secondary offering of 5,674,200 common shares of Arch Capital Group Ltd. by certain selling shareholders affiliated with American International Group Inc. has priced at $88.55 per share, for a gross offering size of approximately $502.5 million.
The offering is expected to close March 13. Arch Capital Group will not receive any proceeds from the offering.
Barclays and Deutsche Bank Securities are leading the offering as joint book-running managers.
