PE-backed Kinsale Capital debuts IPO

Kinsale Capital Group, which is backed by Moelis Capital Partners and Virginia Capital Partners, has raised about $106 million for its IPO after pricing its 6.6 million shares at $16 per share. The stock began trading July 28 on the NASDAQ under the ticker symbol "KNSL." J.P. Morgan Securities LLC and William Blair & Company LLC are serving as the lead underwriters. Based in Richmond, Virginia, Kinsale Capital is a holding company for Kinsale Insurance Company, which focuses on hard-to-place property, casualty and specialty risks.

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