Accelerant Holdings, which provides an insurance marketplace linking underwriters with capital partners, raised $724 million by offering 34.5 million shares (41% from selling shareholders) at $21, above the range of $18 to $20. The company had originally planned to sell 28.9 million shares; all of the added shares came from insiders. At the pricing, Accelerant commands a diluted market value of $4.7 billion.
Accelerant operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners . On the "supply side" of its exchange, the company delivers a full service offering to underwriters 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. As of March 31, 2025, Accelerant had 232 members and 96 risk capital partners on its platform and has grown Exchange Written Premium at a 217% CAGR since inception.
Accelerant Holdings 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 acted as joint bookrunners on the deal.
