Triple-S Management Corp. today raised about $64 million in net proceeds by selling 5 million shares of stock to the public.
Triple-S, San Juan, Puerto Rico, a company that owns the Blue Cross and Blue Shield licensee and other insurance carriers in Puerto Rico, priced the stock at $14.50 per share.
In addition to the 5 million shares that Triple-S itself owned, Triple-S also arranged for the sale of 9 million shares of Triple-S stock held by other parties.