Third Point Reinsurance, a private equity- and hedge fund-backed insurance platform, priced its IPO at $12.50 per share and went public. Shares now trade on the NYSE under the symbol TPRE. The company was formed in early 2012 by Third Point, a New York-based hedge fund. PE firms Kelso & Co. (33.15% pre-IPO stake), Pine Brook (16.76%) and Dowling Capital Partners are also shareholders. Based in Bermuda, Third Point Re is a specialty property and casualty reinsurer. Shares closed at $13.06 on their debut.