Latest news with #Accelerant
Yahoo
a day ago
- Business
- Yahoo
Accelerant files papers to go public in US
Accelerant Holdings, a specialty insurance marketplace connecting underwriters with capital providers, has filed for an initial public offering (IPO) with the US Securities and Exchange Commission. The company intends to list these shares on the New York Stock Exchange under the ticker symbol 'ARX.' The timing, number of shares to be offered, and the price range for the proposed offering have not yet been determined. The company operates a technology-powered platform that connects specialty insurance underwriters, managing general agents (MGAs), referred to as 'Members,' with risk capital partners, including insurers, reinsurers, and institutional investors. The platform aims to reduce information asymmetries and operational barriers in the traditional insurance value chain by leveraging proprietary technology to share high-fidelity data and insights with participants. As of 31 March 2025, Accelerant reported 232 members and 96 risk capital partners on its platform and achieved a compounded annual growth rate of 217% in Exchange Written Premium since its inception. For the same period, Accelerant recorded net income attributable to the company of $6.5m and total revenues of $178m. The net proceeds from the proposed offering are intended to be used to redeem some convertible preference shares and fund a management fee payable to an affiliate of Altamont Capital, its investor. The remainder will be allocated to general corporate needs and to support underwriting capital needs as the business grows. In addition, Accelerant may utilise a part of the proceeds to purchase products, services, or technologies, or to acquire or invest in businesses, including MGAs, insurance intermediaries, insurance companies, technology firms, or service providers within its ecosystem. Morgan Stanley is the lead left active bookrunner, with Goldman Sachs as the lead right active bookrunner. BMO Capital Markets Corp. and RBC Capital Markets are active bookrunners for the offering. Legal counsel for the validity of Accelerant's Class A common shares and related matters is being provided by Maples and Calder (Cayman) and Sidley Austin, while Conyers Dill & Pearman and Ropes & Gray are advising the underwriters. "Accelerant files papers to go public in US " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
2 days ago
- Business
- Business Wire
Accelerant Holdings Announces Public Filing of Registration Statement for Initial Public Offering
ATLANTA--(BUSINESS WIRE)--Accelerant Holdings ('Accelerant') announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ('SEC') relating to a proposed underwritten initial public offering of its Class A common shares. The timing of the offering, number of Class A common shares to be offered and the price range for the proposed offering have not yet been determined. The Class A common shares to be offered and sold in the proposed offering are expected to be offered by Accelerant and certain selling shareholders. The initial public offering is subject to market and other conditions. Accelerant intends to list its Class A common shares on the New York Stock Exchange under the ticker symbol 'ARX.' Morgan Stanley & Co. LLC is acting as lead left active bookrunner, Goldman Sachs & Co. LLC is acting as lead right active bookrunner, and BMO Capital Markets Corp. and RBC Capital Markets, LLC are acting as active bookrunners for the proposed offering. The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at prospectus@ Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, by telephone at (800) 414-3627, or by email at bmoprospectus@ RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone at (877) 822-4089, or by email at equityprospectus@ A registration statement relating to the Class A common shares has been filed with the SEC but has not yet become effective. The Class A common shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. ABOUT ACCELERANT Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across 22 different countries and more than 500 specialty insurance products.
Reuters
2 days ago
- Business
- Reuters
Todd Boehly-backed Accelerant files for US IPO
June 30 (Reuters) - Todd Boehly-backed insurance tech company Accelerant filed for an initial public offering in the United States on Monday. The move comes as the IPO market, which had been languishing amid economic uncertainty and elevated interest rates, is beginning to recover. Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC Capital Markets are among the underwriters for the IPO. The company plans to list on the NYSE under ticker symbol "ARX". Boehly, a billionaire, is one of the most active investors in sports, media and financial services.
Yahoo
2 days ago
- Business
- Yahoo
Todd Boehly-backed Accelerant files for US IPO
(Reuters) -Todd Boehly-backed insurance tech company Accelerant filed for an initial public offering in the United States on Monday. The move comes as the IPO market, which had been languishing amid economic uncertainty and elevated interest rates, is beginning to recover. Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC Capital Markets are among the underwriters for the IPO. The company plans to list on the NYSE under ticker symbol "ARX". Boehly, a billionaire, is one of the most active investors in sports, media and financial services. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Todd Boehly-backed Accelerant files for US IPO
(Reuters) -Todd Boehly-backed insurance tech company Accelerant filed for an initial public offering in the United States on Monday. The move comes as the IPO market, which had been languishing amid economic uncertainty and elevated interest rates, is beginning to recover. Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC Capital Markets are among the underwriters for the IPO. The company plans to list on the NYSE under ticker symbol "ARX". Boehly, a billionaire, is one of the most active investors in sports, media and financial services.
