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Property and casualty insurer 1347 Property Insurance files for a $35 million IPO

January 10, 2014
PIH

1347 Property Insurance Holdings, which provides property and casualty insurance to individuals in Louisiana, filed on Friday with the SEC to raise up to $35 million in an initial public offering. The Baton Rouge, LA-based company, which was founded in 2012 and booked $3 million in sales for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol PIH. Aegis Capital is the sole bookrunner on the deal. No pricing terms were disclosed.