Accelerant valued at $6.4 billion as shares rise in NYSE debut
The company's stock opened at $28.50 apiece, above the $21 offer price. Accelerant and some of its backers sold roughly 34.5 million shares in an upsized IPO to raise $724 million.
The strong debut adds to growing momentum for insurance IPOs that have emerged as a key theme in the new listings market since Liberation Day with a string of companies successfully pulling off first-time share sales.
Aspen Insurance, American Integrity Insurance, Ategrity Specialty Insurance and Slide Insurance have completed IPOs in New York since May.
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