Accelerant Holdings, which provides an insurance marketplace linking underwriters with capital partners, announced terms for its IPO on Tuesday.
The Cayman Islands-based company plans to raise $550 million by offering 28.9 million shares (30% secondary) at a price range of $18 to $20. At the midpoint of the proposed range, Accelerant Holdings would command a fully diluted market value of $4.8 billion.
Accelerant operates a data-driven risk exchange that connects selected specialty insurance underwriters (sellers) with risk capital partners (buyers). On the "supply side" of its Risk Exchange, the company delivers a full service offering to members that includes insights and analytics, distribution management, operational resources, and the commitment of stable underwriting capacity. On the "demand side," the company offers risk capital partners a portfolio of specialty insurance premium that may otherwise be difficult to access elsewhere.
Accelerant Holdings was founded in 2018 and booked $653 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol ARX. Morgan Stanley, Goldman Sachs, BMO Capital Markets, RBC Capital Markets, Wells Fargo Securities, Piper Sandler, William Blair, Raymond James, and TD Securities are the joint bookrunners on the deal. It is expected to price during the week of July 21, 2025.
