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Ironshore Files for U.S. IPO After Ratings Review of Fosun

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Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial strength.

The company filed with an initial offering size of $100 million, an amount used to calculate fees that will change. Fosun will receive all of the proceeds from the offering, the filing shows.