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Accelerant Holdings announced the pricing of its initial public offering of 34,461,152 Class A common shares at $21.00 per share. The offering includes 20,276,280 shares offered by the company and 14,184,872 shares sold by existing shareholders.
The company will not receive proceeds from shares sold by existing shareholders. Underwriters have a 30-day option to purchase up to an additional 5,169,172 shares from selling shareholders.
The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "ARX" on July 24, 2025. The offering is expected to close on July 25, 2025, subject to customary closing conditions.
Morgan Stanley & Co. LLC serves as lead left active bookrunner, while Goldman Sachs & Co. LLC acts as lead right active bookrunner. BMO Capital Markets Corp. and RBC Capital Markets, LLC are active bookrunners. Additional bookrunners include Wells Fargo Securities, LLC, Piper Sandler & Co., William Blair & Company, L.L.C., Raymond James & Associates, Inc. and TD Securities (USA) LLC.
Accelerant operates as a data-driven risk exchange connecting specialty insurance underwriters with risk capital providers. The company was founded in 2018 and conducts business across 22 countries with more than 500 specialty insurance products.
A registration statement on Form S-1 relating to the shares was declared effective by the Securities and Exchange Commission on July 23, 2025, according to the company’s statement.