RICHMOND, Va., July 27, 2016 (GLOBE NEWSWIRE) — Kinsale Capital Group, Inc. (NASDAQ:KNSL) today announced the pricing of its initial public offering of 6,600,000 shares of common stock at a price of $16.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on July 28, 2016 under the symbol “KNSL.”
Kinsale is offering 5,000,000 shares of common stock and the selling stockholders named in the prospectus are offering 1,600,000 shares of common stock. The underwriters have a 30-day option to purchase up to an additional 990,000 shares of common stock from the selling stockholders. Kinsale will not receive any proceeds from the sale of shares by the selling stockholders.
About Kinsale Capital Group, Inc.
Kinsale Capital Group, Inc. is the holding company for Kinsale Insurance Company and is headquartered in Richmond, VA. Kinsale Insurance is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks.