Accelerant Upscales with $832.2 Million IPO
Deal News | Jul 25, 2025 | Ropes & Gray
Ropes & Gray successfully advised the underwriters in Accelerant Holdings' upsized IPO, which raised a total of $832.2 million. The IPO shares are now traded on the New York Stock Exchange under the ticker symbol ARX. This move marked a significant expansion for Accelerant Holdings, a company known for its data-driven approach connecting underwriters of specialty insurance risks with capital providers. The transaction was led by Ropes & Gray's capital markets partners, namely Rachel Phillips and Thomas Holden, supported by a team that included specialists in tax, executive compensation, employment, and data privacy.
Sectors
- Financial Services
- Insurance
Geography
- United States – The IPO was conducted on the New York Stock Exchange, indicating U.S. financial market involvement.
Industry
- Financial Services – Involves the IPO and trading of shares, relating to investment banking and underwriting.
- Insurance – Accelerant operates in the specialty insurance sector, serving as a risk exchange platform.
Financials
- $832.2 million – The total size of the IPO for Accelerant Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ropes & Gray | Advisor | Company | Provided legal advice to the underwriters in Accelerant's IPO. |
| Accelerant Holdings | Target Company | Company | A data-driven risk exchange in the specialty insurance market. |
| Rachel Phillips | Capital Markets Partner | Person | Led the team advising the underwriters in the IPO. |