Pavilion Insurance Network said its hares had gone to a premium of 20% on its first day of trading on AIM.
The share price rose from 5p to 6p, said the company.
The niche insurer has four branded products, Musicguard, Photguard, Cycleguard and Journeyguard.
The £550,000 raised by the placing will be used to expand on Pavilion's current products and develop new offerings, said the company.
It said further specialist solutions would be developed towards the end of the year.
Insinger de Beaufort is acting as Pavilion's nominated adviser, and Insinger Townsley as its broker.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
