IPOs
-
As the IPO window opened, American Integrity, Slide, Ategrity and others followed Aspen. -
Shares opened at $28.50 each, well above the $21 offer price.
-
The IPO was priced at $21 per share, up from the previous target range of $18-$20.
-
It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
-
The PE-backed MGA lined up Morgan Stanley, JP Morgan and Bank of America to advise.
-
The IPO price is expected to be $18-$20 per share.
-
-
The Florida homeowners’ InsurTech went public today at $17 per share.
-
Slide will also expand its footprint to New York and New Jersey towards the end of the year.
-
PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
-
The carrier is pricing shares at the upper end of the range announced this month.
-
The aggregate gross proceeds from the offering are expected to be $113.3mn.
Related
-
Slide launches IPO at expected $15 to $17 per share
June 09, 2025 -
Acrisure to offer $750mn senior notes due 2032
June 05, 2025 -
Ategrity launches IPO priced at $14-$16 per share
June 03, 2025 -
Floridian insurer Slide’s IPO expected for mid-June
May 30, 2025