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Investing.com -- Aspen Insurance Holdings Ltd., a Bermuda-based reinsurer, is expected to set its initial public offering (IPO) price at $30 per share. This pricing falls at the midpoint of its proposed range, according to Bloomberg, citing individuals familiar with the situation.
The company’s IPO, backed by Apollo Global Management (NYSE:APO), is comprised of 11 million shares. The shares are being marketed at a price between $29 and $31 each, as per Aspen’s official filings. Prior to its debut, the offering was reportedly well oversubscribed, according to Bloomberg News.
However, it’s important to note that discussions are still underway and no final decisions have been officially announced.
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