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UPDATE 1-Insurance marketplace Accelerant, backers raise $724 million in US IPO
Carlsmed, Inc. -2.40% Pre
NIQ Global Intelligence +0.45% Pre
Accelerant Holdings -0.26% Pre
Dow Jones Industrial Average -0.62%
S&P 500 index -0.24%
Carlsmed, Inc. CARL | 12.60 12.60 | -2.40% 0.00% Pre |
NIQ Global Intelligence NIQ | 15.48 15.48 | +0.45% 0.00% Pre |
Accelerant Holdings ARX | 15.35 15.35 | -0.26% 0.00% Pre |
Dow Jones Industrial Average DJI | 48114.26 | -0.62% |
S&P 500 index SPX | 6800.26 | -0.24% |
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July 23 (Reuters) - Accelerant ARX.N and some of its existing shareholders raised $723.69 million in an initial public offering in the United States, the specialty insurance marketplace said on Wednesday.
The company, together with backers including Todd Boehly's Eldridge, Altamont Capital and Barings, sold 34.46 million shares at $21 each, after earlier targeting a sale of 28.9 million shares in a price range of $18 to $20.
A string of strong U.S. market debuts in recent weeks, coupled with rebounding equities, has encouraged many companies to press ahead with their stock market listings.
Consumer intelligence company NIQ Global NIQ.N and surgery medtech firm Carlsmed CARL.O went public in New York on Wednesday, while textbook publisher McGraw Hill is set to debut on Thursday alongside Accelerant.
(Reporting by Arasu Kannagi Basil and Abu Sultan in Bengaluru; Editing by Sumana Nandy)
((ArasuKannagi.Basil@thomsonreuters.com;))
