Accelerant raises $724 million in upsized IPO

Accelerant and some of its shareholders raised ~$724 million in an initial public offering in the US.

The company announced the pricing of its upsized initial public offering of 34,461,152 of its Class A common shares, par value $0.0000011951862 per share, at a price to the public of $21 per Common Share. The offering consists of 20,276,280 Common Shares offered by Accelerant and 14,184,872 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 5,169,172 Common Shares. Accelerant will not receive any proceeds from the sale of Common Shares by the Selling Shareholders.

The Common Shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “ARX” on July 24, 2025, and the offering is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions.

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.