Palomar Holdings, a specialty property insurance provider backed by Genstar Capital, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The La Jolla, CA-based company was founded in 2014 and booked $73 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol PLMR. Palomar Holdings filed confidentially on December 14, 2018. Barclays, J.P. Morgan and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.
