DLA Piper advises Palomar Holdings, Inc. in pricing of public offering of common stock

DLA Piper advised Palomar Holdings, Inc. (NASDAQ: PLMR) in connection with its public offering of 1,380,000 shares of common stock, for gross proceeds of approximately US$121 million. JP Morgan, Evercore ISI, and Keefe, Bruyette & Woods, a Stifel company, served as joint book-running managers and representatives of the underwriters.

Based in La Jolla, California, Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop.

“We were pleased to have the opportunity to advise Palomar and offer our team’s full suite of industry knowledge and experience,” said Richard Bull, the DLA Piper partner who led the deal team.

In addition to Bull (San Diego), the DLA Piper team also included partner Patrick O'Malley (San Diego), and associates David Hurst (Phoenix) and Melody Lilazy (San Diego).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.