IPO Market Gains Traction in the 2Q Despite Tariff Turmoil Despite an early surge in volatility from shifting US tariff policies and recession concerns, the IPO market ended the quarter with more momentum than it started. A total of 44 IPOs raised a combined...read more
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
Aspen Insurance, a Bermuda-based global provider of specialty P&C insurance and reinsurance, raised $398 million by offering 13.3 million shares at $30, the midpoint of the range of $29 to $31. The company sold 20% more than the 11.0 million shares...read more
Updated: Renaissance Capital's 2Q 2025 US IPO Market Review
IPO Market Gains Traction in the 2Q Despite Tariff Turmoil Despite an early surge in volatility from shifting US tariff policies and recession concerns, the IPO market ended the quarter with more momentum than it started. A total of 44 IPOs raised a combined...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
Aspen Insurance prices upsized IPO at $30, within the range
Aspen Insurance, a Bermuda-based global provider of specialty P&C insurance and reinsurance, raised $398 million by offering 13.3 million shares at $30, the midpoint of the range of $29 to $31. The company sold 20% more than the 11.0 million shares...read more