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Keoni Andrew Schwartz, a director and ten percent owner of Accelerant Holdings (NASDAQ:ARX), indirectly sold 11,596,152 Class A Common Shares at a price of $21 on July 25, 2025, for a total value of $243,519,192. The sale price represents a significant discount to the current trading price of $28.38, with InvestingPro analysis indicating the stock is trading above its Fair Value.
The sales were executed indirectly through entities including ACP Accelerant Holdings, L.P., ACP Accelerant Investment Holding Company, Ltd., ACP Accelerant Co-Invest, LLC, and ACP Accelerant Investment Holding Company II, Ltd. The company maintains strong liquidity with a current ratio of 8.97, significantly exceeding its short-term obligations. InvestingPro data shows the stock has demonstrated high price volatility, with additional insights available to subscribers.
On the same date, there were multiple transactions involving the conversion of Class B Common Shares into Class A Common Shares. The company has maintained profitability over the last twelve months, with revenue reaching $605.5 million.
In other recent news, Accelerant Holdings has announced the pricing of its upsized initial public offering at $21.00 per share. The offering includes 34,461,152 Class A common shares, with 20,276,280 shares being offered by Accelerant and 14,184,872 shares sold by existing shareholders. This development marks a significant step as the company’s shares are set to begin trading on the New York Stock Exchange under the ticker symbol "NYSE:ARX." The offering is expected to close on July 25, 2025, pending customary closing conditions. These recent developments highlight Accelerant’s efforts to expand its market presence through this public offering.
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