Patriot National, which provides fee-based administration services to workers' compensation insurers, raised $116 million by offering 8.3 million shares (12% insider) at $14, below the range of $16 to $18. Patriot National plans to list on the NYSE under the symbol PN. Patriot National initially filed confidentially on 10/10/2014. UBS Investment Bank, BMO Capital Markets and Suntrust Robinson Humphrey acted as lead managers on the deal.
