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Kinsale Capital, Tactile Systems make their market debuts

Jul 28, 2016 - The Deal Pipeline

Shares of Moelis Capital Partners LLC-backed insurance holding company Kinsale Capital Group Inc. (KNSL) and Galen Partners-backed medical device maker Tactile Systems Technology Inc. (TCMD) debuted Thursday on the Nasdaq. Kinsale Capital on Wednesday priced its initial public offering at $16 a share, the upper end of its projected range.

Kinsale Capital sold 5 million shares, raising $80 million, and Moelis Capital Partners sold 1.6 million shares, generating $25.6 million. MCP could...