shares of fidelis insurance holdings ltd fihl were jeered in their wall street debut as they opened 64 below where the reinsurance company’s downsized initial public offering priced the company said 15 million shares were sold in the ipo a little less than half of which were sold by the company and the rest sold by selling shareholders down from previous expectations that 17 million shares would be sold the ipo priced at 14 a share below the expected range of between 16 and 19 a share the stock’s first trade was at 1310 at 1235 pm eastern for 916105 shares at that price the company was valued at about 153 billion the company went public at a time of increasing investor interest in ipo shares as the renaissance ipo etf ipo has advanced 151 over the past three months while the sp 500 spx has gained 91