From Yahoo Finance: 2025-04-30 07:54:00

Aspen Insurance Holdings has launched its IPO of 11 million Class A ordinary shares, aiming to raise up to $341m. The shares are priced between $29 and $31 each, with underwriters having the option to purchase an additional 1.65 million shares. Aspen seeks a valuation of up to $2.85bn through this offering.

Lead book-running managers for the IPO include Goldman Sachs, Citigroup, and Jefferies. Aspen, a global specialty insurance and reinsurance underwriter founded in 2002, first went public on the NYSE in 2003. Apollo acquired the firm in 2019 for $2.6bn. For the quarter ended 31 March 2025, Aspen reported net written premiums of $751.7m.

The company’s net income after tax decreased to $36.8m in the quarter from $111.8m the prior year. Aspen’s shares have been approved for listing on the NYSE under the ticker symbol AHL. Several financial institutions are participating as book-running managers and co-managers for the IPO.



Read more at Yahoo Finance: Aspen launches US IPO with aim to garner up to $341m