Palomar Holdings, Inc. Announces Pricing of Public Offering of Common Stock

Nachrichtenquelle: globenewswire
24.06.2020, 02:27  |  144   |   |   

LA JOLLA, Calif., June 23, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (“Palomar” or the “Company”) today announced the pricing of its previously announced underwritten public offering (the “Offering) of 1,000,000 shares of Palomar’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $82.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 150,000 additional shares of Common Stock from the Company at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to make contributions to the capital of Palomar Excess and Surplus Insurance Company and to fund future growth.

Barclays Capital Inc., J.P. Morgan and Keefe, Bruyette & Woods, Inc. acted as joint lead book-running managers for the Offering. Evercore Group L.L.C., William Blair & Company, L.L.C., Piper Sandler & Co., and SunTrust Robinson Humphrey, Inc. also acted as joint book-running managers for the Offering. JMP Securities LLC acted as co-manager for the Offering.

The shares of Common Stock described above are being offered by Palomar pursuant to its shelf registration statement on Form S-3 that became automatically effective upon filing with the Securities and Exchange Commission (the “SEC”) on June 23, 2020. The offering may be made only by means of a prospectus supplement and accompanying prospectus.  A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at  A final prospectus supplement and accompanying prospectus will be filed with the SEC, copies of which may be obtained, when available, by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847 or email:; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at; or Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling (800) 966-1559, or by emailing

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