Atlas Financial prices $8.78 million IPO of ordinary stock at $5.85

Company offers its stock through bookrunner Sandler O'Neill + Partners

By Devika Patel

Knoxville, Tenn., Feb. 12 - Atlas Financial Holdings, Inc. said it priced its $8.78 million initial public offering of stock with a $3.62 million greenshoe. The deal was announced Jan. 29. The company expects that its ordinary shares will be listed on the Nasdaq under the symbol "AFH."

The company will sell 1.5 million ordinary shares at $5.85 per share.

Sandler O'Neill + Partners, LP is the bookrunner.

The financial services holding company is based in Elk Grove Village, Ill.

Issuer:	Atlas Financial Holdings, Inc.
Issue:	Ordinary stock
Amount:	$8,775,000
Greenshoe:	$3,619,688
Shares:	1.5 million
Price:	$5.85
Warrants:	No
Bookrunner:	Sandler O'Neill + Partners, LP
Co-managers:	Sterne, Agee & Leach, Inc., EarlyBirdCapital, Inc. and Sidoti & Co. LLC
Underwriter:	Canaccord Genuity Corp. (lead for offering in Canada)
Announcement date:	Jan. 29
Pricing date:	Feb. 12
Expected listing:	Nasdaq: AFH

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