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initial public offering (IPO) News

Insurer Bowhead Specialty Seeks About $491M Valuation in IPO

Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid a rebound in the capital markets. The company is …

Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO

Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …

Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025

Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale would take place after Fidelidade completes a planned IPO of hospital operator …

Insurer Bowhead Specialty’s IPO Filing Shows Profit More Than Doubled in 2023

Bowhead Specialty Holdings disclosed on Friday that its net profit more than doubled in 2023, as the insurance underwriting company made its IPO filing public amid a rebound in fresh U.S. listings. The U.S. initial public offering market is expected …

Israel Cyber Firm Claroty Eyes 2025 US IPO at $3.5B Value: Report

Israeli cyber security startup Claroty is preparing a possible U.S. initial public offering in 2025 at a valuation of $3.5 billion, the Calcalist financial daily reported on Tuesday. Calcalist, without citing sources, said Claroty was currently valued at $2.5 billion …

Florida Specialty Insurer Fortegra Shelves IPO Plans at the Last Hour

Jacksonville-based specialty insurer Fortegra Group has withdrawn its plans for an initial public offering in the United States, just hours before the IPO and nearly three years after the company scrapped its earlier listing plans. The move by Fortegra, a …

Apollo-Owned Aspen Å˽ðÁ«´«Ã½Ó³»­ Files for IPO in US

Private equity firm Apollo-owned Aspen Å˽ðÁ«´«Ã½Ó³»­ on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly …

Hamilton Å˽ðÁ«´«Ã½Ó³»­ Shares Rise 1.7% in NYSE Debut

Hamilton Å˽ðÁ«´«Ã½Ó³»­ Group notched a valuation of $1.68 billion as shares rose 1.7% in a tepid market debut on Nov. 10, indicating limited investor appetite for new listings. The Bermuda-based company’s stock opened at $15.25, compared with the initial public …

Hamilton Å˽ðÁ«´«Ã½Ó³»­ Targets Up to $2B Valuation in IPO

Hamilton Å˽ðÁ«´«Ã½Ó³»­ Group is targeting a valuation of up to $2 billion in its U.S. initial public offering, the specialty insurer said on Wednesday. The company, along with some existing investors looking to sell their shares, aims to raise up …

Chinese Online Insurer Shouhui Weighs Hong Kong IPO in 2024

Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter. China International Capital Corp. and Huatai Securities Co. are …