Accelerant announces launch of initial public offering

Accelerant announced the launch of its initial public offering of 28,947,368 of its Class A common shares, par value $0.0000011951862 per share. The offering consists of 20,276,280 Common Shares offered by Accelerant and 8,671,088 Common Shares to be sold by certain of Accelerant’s existing shareholders.

In connection with the offering, certain of the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,342,105 Common Shares. Accelerant will not receive any proceeds from the sale of Common Shares by the Selling Shareholders. The initial public offering price is expected to be between $18 and $20 per Common Share. Accelerant’s Common Shares have been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the ticker symbol “ARX.”

The company is looking to raise between $365 million and $405.5 million from their IPO.

Accelerant operates a risk exchange that connects underwriters with capacity providers. The company publicly disclosed $343 million in funding.

As of March 31, the platform had 232 members, 96 risk capital partners, and $3.5B in written premiums. Accelerant recorded $27.2 million in net income attributable to the company in 2024.