Patriot Risk Management files for $115 mln IPO
May 13 (Reuters) - Patriot Risk Management Inc, a workers' compensation risk management firm, filed with U.S. regulators on Tuesday to raise up to $115 million in an initial public offering of common stock.
The Fort Lauderdale, Florida-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Friedman Billings Ramsey was underwriting the IPO.
The filing did not reveal how many shares the company planned to sell or their expected price. The company intends to list its common stock on Nasdaq under the symbol "PRMI." (Reporting by Esha Dey in Bangalore; Editing by Amitha Rajan)
