Trean Insurance Group, a specialty casualty insurer in the US focused on workers' compensation, raised $161 million by offering 10.7 million shares (67% primary) at $15, the high end of the range of $13 to $15. At pricing, the company commands a market cap of $767 million.
Trean Insurance Group plans to list on the Nasdaq under the symbol TIG. J.P. Morgan, Evercore ISI and William Blair acted as lead managers on the deal.
The article Specialty casualty insurer Trean Insurance prices IPO at $15 high end originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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