Underwriters Exercise Option on Rest of Seabright

SeaBright Insurance Holdings, Inc. (Nasdaq:SEAB) yesterday announced that it has completed its initial public offering of 7,500,000 shares of common stock at $10.50 per share, all of which were offered by the Company. SeaBright also announced that the underwriters have exercised in full their over-allotment option to purchase an additional 1,125,000 common shares at the public offering price of $10.50 per share. Friedman, Billings, Ramsey & Co., Inc. acted as the sole book-running manager and Piper Jaffray & Co. and Cochran, Caronia & Co. acted as co-managers of the offering. Copies of the...