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Palomar announces pricing of upsized secondary offering

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Palomar announces pricing of upsized secondary offering

Certain directors and officers of Palomar Holdings Inc. and Genstar Capital LLC affiliates priced an upsized underwritten public offering of 5,250,000 of Palomar common shares at $36.50 per share.

The selling shareholders also granted the underwriters for the offering a 30-day overallotment option for the purchase of up to 787,500 additional Palomar common shares at the public offering price, less underwriting discounts and commissions.

Palomar will not receive any proceeds from the offering, which consists entirely of secondary shares to be sold by selling shareholders.

Barclays Capital Inc., J.P. Morgan and Keefe Bruyette & Woods Inc. are the joint lead book-running managers. Evercore Group LLC, William Blair & Co. LLC, Sandler O'Neill & Partners LP and SunTrust Robinson Humphrey Inc. are the joint book-running managers for the offering.