Accelerant Raises $724M in $6.4B NYSE Debut

Accelerant Holdings, a specialty insurance marketplace backed by billionaire Todd Boehly, priced its upsized initial public offering at $21 per share, raising approximately $724 million by selling 34.5 million shares. The company’s shares debuted on the New York Stock Exchange under the ticker symbol ARX at $28.50, a 35.7% jump from the IPO price, giving Accelerant a fully diluted valuation of around $6.37 billion. Accelerant operates a data-driven risk exchange connecting specialty insurance underwriters with risk capital partners, offering full service to underwriters and access to specialty insurance premium portfolios for capital partners. The company has shown rapid growth, with Exchange Written Premium increasing at a 217% compound annual growth rate since inception and a platform comprising 232 members and 96 risk capital partners as of March 2025. The offering included shares sold by both the company and existing shareholders, with a 30-day option for underwriters to purchase additional shares, and was managed by a syndicate of major investment banks including Morgan Stanley and Goldman Sachs. This IPO marks another success in a broader trend of insurance market companies going public in 2025.