Genworth Financial Inc Set To Launch $800M IPO Next Week

Genworth Financial Inc (NYSE:GNW)’s pre-marketing research is due to hit fund managers’ desk as early as Monday, according to The Australian Financial Review. The Australian Financial Review’s report is yet to be confirmed by Genworth Financial Inc (NYSE:GNW), though it is consistent with management’s prior comments that they will have a potential window for a partial IPO of their Australian unit in 2Q14. Smart money moving to Genworth The Federal Housing Administration (FHA), due to governmental pressures, has been hiking up its mortgage insurance premium rates. This has affected the agency’s competitiveness and led to more business flowing over to…