IPOs
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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding. -
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 Florida homeowners’ InsurTech went public today at $17 per share.
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Slide will also expand its footprint to New York and New Jersey towards the end of the year.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
Related
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Slide IPO raises $408mn at $17 per share
June 18, 2025 -
Ategrity IPO prices stock at $17 per share
June 11, 2025 -
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