Trean Insurance Group, Inc.

Trean Insurance Group, Inc. (TIG) priced its initial public offering on Jul 17, 2020 at $15.00 per share, within its $13.00–$15.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $767.1M. J.P. Morgan was lead-left underwriter, joined by Evercore ISI, William Blair and Citizens JMP. Davis Polk advised the underwriters.

Trean Insurance Group, Inc. provides products and services to the specialty insurance market, focusing on underserved specialty casualty niches such as workers' compensation and small to mid-sized specialty casualty programs. It underwrites through program partners and owns insurer ALIC in Utah and Arizona.

Status

IPO

Ticker

TIG

Exchange

Nasdaq Global Select

Priced

Jul 17, 2020

IPO price

$15.00

Price range

$13.00–$15.00

Market cap at IPO price

$767.1M

First filed

Jun 19, 2020

Underwriters

J.P. Morgan, Evercore ISI, William Blair and Citizens JMP

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

MN

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