Bermuda-based Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common shares.

The number of common shares to be offered and the price range for the proposed offering have not yet been determined. The registration statement is expected to become effective, subject to market and other conditions, after the SEC completes its review process, said Fidelis.

The company said the announcement made in the press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. The filing was made on an SEC Form F-1, used for registration of securities of all foreign private issuers.

Source: Fidelis Insurance Holdings