Eleven IPOs raised a combined $1.9 billion in May, joined by one direct listing. Activity was below the 10-year historical average (15 IPOs, $4.5B), though the month ended with more momentum than it started thanks to easing volatility and rising returns. There...read more
A few new issuers went public this past week, joined by two SPACs. Bermuda-based Aspen Insurance (AHL) upsized its share offering and priced at the midpoint to raise $398 million at a $2.8 billion market cap. Aspen is a specialty (re)insurer with a diverse...read more
American Integrity Insurance Group, a Florida-based provider of personal residential property insurance, raised $110 million by offering 6.9 million shares at $16, within the range of $15 to $17. Through its insurance carrier subsidiary, American Integrity...read more
A handful of IPOs are scheduled to price in the week ahead, led by two sizable insurers. Bermuda-based Aspen Insurance (AHL) plans to raise $330 million at a $2.8 billion market cap. Aspen Insurance Holdings is a specialty (re)insurer with a diverse product...read more
Renaissance Capital's May IPO Market Update
Eleven IPOs raised a combined $1.9 billion in May, joined by one direct listing. Activity was below the 10-year historical average (15 IPOs, $4.5B), though the month ended with more momentum than it started thanks to easing volatility and rising returns. There...read more
US IPO Weekly Recap: Sizable insurance IPOs deliver solid trading
A few new issuers went public this past week, joined by two SPACs. Bermuda-based Aspen Insurance (AHL) upsized its share offering and priced at the midpoint to raise $398 million at a $2.8 billion market cap. Aspen is a specialty (re)insurer with a diverse...read more
Florida-based insurer American Integrity prices IPO at $16 midpoint
American Integrity Insurance Group, a Florida-based provider of personal residential property insurance, raised $110 million by offering 6.9 million shares at $16, within the range of $15 to $17. Through its insurance carrier subsidiary, American Integrity...read more
US IPO Week Ahead: 2 sizable insurers set to take on the IPO market
A handful of IPOs are scheduled to price in the week ahead, led by two sizable insurers. Bermuda-based Aspen Insurance (AHL) plans to raise $330 million at a $2.8 billion market cap. Aspen Insurance Holdings is a specialty (re)insurer with a diverse product...read more