Accelerant Holdings made a strong entrance into the stock market on Thursday, with its shares surging more than 30% in their public debut. The company opened trading at $28.50 per share, well above its IPO price of $21, giving it an initial market value of over $6 billion based on the total number of shares listed in its filing.
The company, which runs a speciality insurance marketplace, raised a total of $724 million through its initial public offering. This includes shares sold by Accelerant itself and by some of its early investors, including funds tied to Altamont Capital Partners. The deal was increased to 34.5 million shares, up from the original plan, after seeing strong interest from investors. Reports say demand for the IPO was 20 times higher than the number of shares available, showing just how eager buyers were to get in.
Out of the total shares offered, Accelerant sold 20.3 million, while existing investors sold 14.2 million. That means a good portion of the money raised went directly to the company, helping fund its future growth and operations.
Accelerant, which was founded in 2018, is known for using data and technology to improve how the insurance industry works. Its platform helps connect specialty insurance underwriters with risk capital providers, such as reinsurers, insurers, and large institutional investors. By streamlining these connections, Accelerant aims to make the insurance process faster, smarter, and more efficient for everyone involved.
The successful debut is not only a big win for Accelerant but also a positive sign for the broader IPO market, which has been quieter in recent years. With such a strong start, all eyes will be on how the company performs in the coming weeks as it begins life as a publicly traded business.