NEW YORK (
, whose biggest investor is
( BRK-A), is gaining on its debut on the New York Stock Exchange on Friday.
While the insurer priced its stock at $12 each -- the bottom of its expected range -- shares are still rising 8% to $13.01 in early trading.
Symetra expected to price shares between $12 and $14 each.
The company ended up raising $364.8 million in the deal.
Berkshire Hathaway, which holds about 26% of Symetra, retained its entire stake.
hasn't fared as well, as its stock has plunged nearly 6% to $18.90 on its first day of trading.
The company raised $150 million in the deal, as only 7.5 million shares were snatched up. The original offering was for 12.5 million shares.
Chesapeake prices its shares at $20.
( CLU) is also trading about 5% lower after it priced its IPO below expectations.
The company, which supplies tissue paper to stores, raised about $107.9 million. It priced 8.3 million shares at $13 each. Cellu expected to get between $15 to $17 a share.
delayed its IPO until next week after it cut the number of shares it was offering.
-- Reported by Jeanine Poggi in New York.
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