Aspen IPO targeting valuation multiple of 0.8x
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Aspen IPO targeting valuation multiple of 0.8x

Everest, RenRe, Axis and Arch all trade at higher price-to-book multiples than Aspen’s target.

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Aspen’s IPO documents imply the carrier is targeting a 0.8x price-to-book multiple, which is below the trading levels of other listed Bermudian carriers.

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