Accelerant Holdings Aims to Raise $5.5 Billion in IPO

Accelerant Holdings, a professional insurance trading platform, has unveiled its initial public offering (IPO) terms, aiming to raise $5.5 billion by issuing 28.9 million shares. The price range for these shares is set between $18 and $20 per share, with the midpoint of this range suggesting a fully diluted market value of $48 billion for the company.

Accelerant operates a data-driven risk trading platform that bridges the gap between select professional insurance underwriters and risk capital partners. For the "supply side" of its platform, Accelerant offers a suite of services to its members, including insights and analytics, distribution management, operational resources, and a stable underwriting capacity commitment. On the "demand side," the company provides a range of specialized insurance premiums to risk capital partners, which may be difficult to obtain through other channels.

Established in 2018, Accelerant Holdings reported revenue of $6.53 billion for the 12 months ending March 31, 2025. The company plans to list on the New York Stock Exchange under the ticker symbol ARX. The underwriters for this transaction include Morgan Stanley, Goldman Sachs, BofA Securities, and RBC Capital Markets. Pricing for the IPO is anticipated to occur during the week of July 21, 2025.

This IPO represents a significant milestone for Accelerant Holdings, as it seeks to expand its market presence and capitalize on the growing demand for specialized insurance solutions. The company's data-driven approach and comprehensive service offerings position it well to attract both insurance underwriters and risk capital partners, potentially driving further growth and innovation in the insurance industry.