Aspen Insurance Holdings has launched its initial public offering (IPO) of 11 million Class A ordinary shares, with the goal of raising up to $341m.
The shares, priced between $29 and $31 each, are being sold by entities managed by affiliates of Apollo Global Management.
The underwriters have been granted a 30-day option to purchase an additional 1.65 million shares.
The company’s shares have been approved for listing on the New York Stock Exchange (NYSE) under the ticker symbol AHL, pending official notice of issuance.
Lead book-running managers for the IPO include Goldman Sachs, Citigroup and Jefferies, with several other financial institutions participating as book-running managers and co-managers.
Aspen seeks a valuation of up to $2.85bn through this offering, reported Reuters.
A global specialty insurance and reinsurance underwriter founded in 2002, Aspen first went public on the NYSE in 2003 and added a secondary listing on the Bermuda Stock Exchange in 2004.
Its shares were traded on both exchanges until 2019 when Apollo acquired the firm for $2.6bn.
For the quarter ended 31 March 2025, Aspen reported net written premiums of $751.7m, up from $740.9m in the same period of the previous year.
The company’s net income after income tax decreased to $36.8m in the quarter from $111.8m the prior year.
“Aspen launches US IPO with aim to garner up to $341m ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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