Palomar Holdings, Inc.

Palomar Holdings, Inc. (PLMR) priced its initial public offering on Apr 17, 2019 at $15.00 per share, raising $84.4M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $339.4M. Barclays was lead-left underwriter, joined by J.P. Morgan, Stifel and Evercore ISI and others. DLA Piper advised the company and Latham & Watkins advised the underwriters.

Palomar Holdings, Inc. is an admitted insurance company serving specialty property insurance markets. Its rates and policy forms are approved by each state in which it sells, and its policies are backed by state guaranty funds. It uses granular pricing aimed at reflecting customers' underlying risk.

Status

IPO

Ticker

PLMR

Exchange

Nasdaq Global Select

Priced

Apr 17, 2019

IPO price

$15.00

Raised

$84.4M

Market cap at IPO price

$339.4M

First filed

Mar 15, 2019

Underwriters

Barclays, J.P. Morgan, Stifel, Evercore ISI and William Blair

Company counsel

DLA Piper

Underwriters' counsel

Latham & Watkins

Sector

Financials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.