Kingstone reports plans to price $15 million public offering of stock

Sandler O'Neill & Partners is sole bookrunner; offering funds growth

By Devika Patel

Knoxville, Tenn., Oct. 15 - Kingstone Cos. Inc. will price a $15 million public sale of its common stock with a greenshoe, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.

Sandler O'Neill & Partners, LP is the sole bookrunning manager.

Proceeds will be used to support growth, including product expansion, to repay debt and for general corporate purposes, including acquisitions.

The Kingston, N.Y., company provides property and casualty insurance products to small businesses and individuals.

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