trending Market Intelligence /marketintelligence/en/news-insights/trending/YiapaJB3t83U0kQSzrcmGw2 content esgSubNav
In This List

Kingstone Cos. starts common stock offering

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Kingstone Cos. starts common stock offering

Kingstone Cos. Inc. started an underwritten public offering of 2,950,000 common shares.

The company is offering 2,500,000 common shares, while selling shareholders are offering an additional 450,000 common shares.

The underwriters will have a 30-day option to purchase up to an aggregate of 192,500 additional common shares from Kingstone and 250,000 common shares from selling shareholders.

Kingstone plans to use the net proceeds from the offering to contribute capital to Kingstone Insurance Co. to support its ratings upgrade plan and additional growth, and for general corporate purposes.

Sandler O'Neill & Partners LP is the book-running manager for the offering. Compass Point Research & Trading LLC and Boenning & Scattergood Inc. are co-managers of the offering.