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Tampa insurance firm plans IPO

September 26, 2019 - BRP Group Inc. is planning an initial public offering that could raise up to $100 million, according to a preliminary prospectus filed Sept. 23 with the U.S. Securities and Exchange Commission. BRP currently does business as Baldwin Risk Partners LLC, an independent insurance distribution firm based in Tampa. The company had revenue of $79.9 million in 2018 and net income of $2.7 million, before payments to noncontrolling interests. BRP plans to list its Class A stock on the Nasdaq under the symbol "BRP." Raymond James is one of several underwriters for the offering.   

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