Florida-based Heritage Insurance files for a $100 million IPO

By Renaissance Capital,

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Heritage Insurance Holdings, which provides personal residential insurance for home and condominium owners in Florida, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Clearwater, FL-based company was founded in 2012 and booked $125 million in revenue for the fiscal year ended December 31, 2013. Heritage Insurance Holdings initially filed confidentially on February 13, 2014. Citi is the sole bookrunner on the deal. No pricing terms were disclosed, and neither an exchange nor symbol has been announced.

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