TIG - IPO Update: Trean Insurance Group Finalizes IPO Plan
Quick Take
Trean Insurance Group (TIG) has filed to raise $150 million from the sale of its common stock in an IPO, according to an amended registration statement.
The company provides primarily workers’ compensation insurance to small and midsize businesses in North America.
TIG has grown quickly but the IPO appears to be priced for perfection in a highly uncertain environment given the Covid19 pandemic.
Company & Technology
Wayzata, Minnesota-based Trean was founded to offer specialty casualty insurance coverage to small and mid-sized businesses, primarily workers' compensation insurance.
Workers' comp provided 82.8% of