Palomar Holdings (PLMN) Launches IPO Roadshow
Palomar Holdings, Inc. announced that it has launched the roadshow for the initial public offering of its common stock. Palomar is offering 5,625,000 shares of its common stock, plus up to an additional 843,750 shares that the underwriters have the option to purchase. The initial public offering price is expected to be between $15.00 and $17.00 per share. The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol "PLMR”.
Barclays Capital Inc., J.P. Morgan and Keefe, Bruyette & Woods, Inc. will act as joint lead book-running managers for the offering. Evercore Group L.L.C., William Blair & Company, L.L.C., Sandler O’Neill & Partners, L.P. and SunTrust Robinson Humphrey, Inc. will also act as joint book-running managers for the offering.
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