Patriot National announces pricing of IPO
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16 Jan 2015
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Patriot National, Inc. announced that it has priced its previously announced initial public offering of 8,315,700 shares of its common stock at a public offering price of USD 14. Patriot National is offering 7,350,000 shares of its common stock and the selling stockholders named in the registration statement are offering 965,700 shares of common stock. The underwriters may also purchase first from Patriot National up to an additional 1,102,500 shares of common stock and second from the selling stockholders up to an additional 144,855 shares of common stock, in each case, solely to cover over-allotments, if any, within 30 days from the date of the offering. Patriot National's common stock is expected to begin trading on the New York Stock Exchange under the symbol PN on January 16, 2015. The offering is expected to close on January 22, 2015, subject to customary closing conditions. UBS Securities LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers of the offering, and JMP Securities LLC and William Blair & Company, L.L.C. are acting as co-managers of the offering. |
| Source: Dion Global Type: IPO Related |
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