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NEW YORK - Accelerant Holdings, a profitable company with annual revenue of $605.5 million and impressive gross margins of 57%, has priced its upsized initial public offering at $21.00 per share, the company announced in a press release statement. The offering consists of 34,461,152 Class A common shares, with 20,276,280 shares offered by Accelerant and 14,184,872 shares sold by existing shareholders.
The data-driven risk exchange company’s shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "NYSE:ARX" today, with the offering scheduled to close on July 25, 2025, subject to customary closing conditions. According to InvestingPro, the company maintains strong liquidity with a current ratio of 8.97, indicating robust financial health.
Certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,169,172 shares. Accelerant will not receive any proceeds from shares sold by existing shareholders.
Morgan Stanley is acting as lead left active bookrunner for the offering, with Goldman Sachs serving as lead right active bookrunner. BMO Capital Markets and RBC Capital Markets are acting as active bookrunners, while Wells Fargo Securities, Piper Sandler, William Blair, Raymond James, and TD Securities are acting as bookrunners. Citizens Capital Markets and FT Partners are serving as co-managers.
Founded in 2018, Accelerant operates as a risk exchange connecting underwriters of specialty insurance risk with risk capital providers. The company currently conducts business across 22 countries and offers more than 500 specialty insurance products. InvestingPro analysis reveals several additional key metrics and insights about Accelerant’s financial performance. Unlock exclusive access to detailed financial health scores, valuation metrics, and more with an InvestingPro subscription.
A registration statement on Form S-1 relating to the common shares was declared effective by the Securities and Exchange Commission on July 23, 2025.
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