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Investing.com -- Aspen Insurance Holdings Limited started trading on the New York Stock Exchange today at $33.25 per share, a substantial increase from its initial public offering (IPO) price of $30.00 per share. The company’s shares are listed under the ticker symbol "AHL".
The day before, Aspen had announced the pricing of its upsized IPO, which offered 13,250,000 of its Class A ordinary shares to the public. Each share has a par value of $0.001. The shares were made available by entities managed by affiliates of Apollo Global Management (NYSE:APO), Inc., referred to as the selling shareholders.
Alongside the offering, the selling shareholders have provided the underwriters with a 30-day option to purchase up to an additional 1,987,500 ordinary shares.
Goldman Sachs & Co (NYSE:GS). LLC, Citigroup (NYSE:C), and Jefferies are serving as the lead book-running managers for the offering.
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