Specialty property insurer Palomar Holdings files for a $50 million IPO

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Palomar Holdings, a specialty property insurance provider backed by Genstar Capital, filed on Friday with the SEC to raise up to $50 million in an initial public offering.

The La Jolla, CA-based company was founded in 2014 and booked $73 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol PLMR. Palomar Holdings filed confidentially on December 14, 2018. Barclays, J.P. Morgan and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Specialty property insurer Palomar Holdings files for a $50 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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