Kingsway plans public offering of 7.5 million shares

Kingsway Financial Services Inc. (TSE:KFS, NYSE: KFS) says it is planning a public offering of 7.5 million common shares, and up to an additional 1.125 million common shares for over-allotments. The shares will be offered in both the U.S. and Canada.
The offering will be led by HSBC Securities and CIBC World Markets. A preliminary prospectus has been filed with Canadian securities regulators and a registration statement with U.S. regulators.
Kingsway shares are currently trading at $16.05 on the TSE and US$10.16 on the NYSE.