IPOs
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The company generated $71.4mn in revenue for H1 2025. -
The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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As the IPO window opened, American Integrity, Slide, Ategrity and others followed Aspen.
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Shares opened at $28.50 each, well above the $21 offer price.
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The IPO was priced at $21 per share, up from the previous target range of $18-$20.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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The PE-backed MGA lined up Morgan Stanley, JP Morgan and Bank of America to advise.
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The IPO price is expected to be $18-$20 per share.
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The company resumed work on a public offering in September.
