Davis Polk advised Stewart Information Services Corporation on its $115 million follow-on offering of 3,026,340 shares of common stock, which includes 394,740 shares from the full exercise of the underwriters’ option to purchase additional shares. The shares of common stock are listed on the New York Stock Exchange under the symbol “STC.”
Stewart Information Services Corporation is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, the company offers the comprehensive service, deep expertise and solutions its customers need for any real estate transaction.
The Davis Polk capital markets team included partner Shane Tintle and associates Rahul K. Patel, Amy Mao and S. Elizabeth Kim. The tax team included partner Patrick E. Sigmon and associate Eitan Ulmer. Associate Sijia Cai provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.