Trean Insurance Group, a specialty casualty insurer in the US focused on workers' compensation, raised $161 million by offering 10.7 million shares (67% primary) at $15, the high end of the range of $13 to $15. At pricing, the company commands a market cap of $767 million.
Trean Insurance Group plans to list on the Nasdaq under the symbol TIG. J.P. Morgan, Evercore ISI and William Blair acted as lead managers on the deal.
