Accelerant IPO beats expectations with $724m raise
Accelerant, a major player in the UK managing general agents market, has raised $723.7m (£533.9m) in an IPO in the US, with shares selling for $21, above the expected range of $18–$20.
At the end of June, the risk exchange platform and capacity provider unveiled plans to list on the New York Stock Exchange.
RelatedMGA backer Accelerant files for IPO in US Accelerant IPO could hit $578.9m Accelerant boss Radke on 30% MGA growth and enabling brokers to ‘monetise every opportunity’ Mission notches up 25th MGA partner with Carrow launchIn mid-July, it revealed there would be 20,276,280 common shares offered by Accelerant and 8,671,088 common shares to be sold by some of its
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