Accelerant IPO could raise $578.9 million
- May 18, 2025
- Posted by: Web workers
- Category: Finance
Accelerant Holdings, a Cayman Islands-based specialty insurer, launched an initial public offering Tuesday with a price range of $18 to $20 a share.
The company, which operates through partnerships with managing general agents and other capital providers, would raise up to $405.5 million through the IPO. Selling shareholders would raise up to $173.4 million.
The underwriters have the option to buy an additional 4.3 million shares within 30 days.
The company will trade on the New York Stock Exchange under the symbol “ARX.”
Accelerant, launched in 2018 and headed by industry veteran Jeff Radke, worked with 232 MGAs and 96 capital providers as of March 31, according to the IPO prospectus.
The company reported $603 million in revenue and $23 million in net income for 2024.
It filed for its IPO last month, nearly two years after it first considered a stock market flotation.
Accelerant’s backers include sports and entertainment investor Todd Boehly.
