PLMR News

Despite losing a day, this has been the busiest week of the year for IPOs with 8 IPOs raising $8.9 billion led by  Zoom Video (ZM), which popped 72% on its first day of trading after raising $751 million in an IPO that priced above its upwardly revised range. Zoom's first day performance marks the biggest first day return for a decacorn since 2013.  ...read more

Palomar Holdings, a specialty property insurance provider backed by Genstar Capital, raised $84 million by offering 5.6 million shares at $15, the low end of the range of $15 to $17. Palomar Holdings plans to list on the Nasdaq under the symbol PLMR. Barclays, J.P. Morgan and Keefe Bruyette Woods acted as lead managers on the deal....read more

A whopping eight IPOs plan to raise $2.5 billion ahead of the Easter holiday weekend, the busiest week of the 2019 IPO market. Year-to-date, 26 IPOs have raised $6.6 billion. While April won't have much pricing activity after this week, May already looks busy, with 12 new filings this past week, including Uber (UBER). Aside from this week's headliner tech...read more

Palomar Holdings, a specialty property insurance provider backed by Genstar Capital, announced terms for its IPO on Monday. The La Jolla, CA-based company plans to raise $90 million by offering 5.6 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Palomar Holdings would command a market value of $362 million.  Palomar Holdings was...read more