Aspen Insurance (AHL) Raises $397.5 Million in NYSE Debut

1 week ago 28

Faizan Farooque

Thu, May 8, 2025, 9:29 AM 1 min read

Aspen Insurance (AHL, Financials), owned by Apollo Global Management (APO, Financials), returned to nationalist markets Wednesday, raising $397.5 cardinal done a New York Stock Exchange offering.

The specialty insurer sold 13.25 cardinal shares astatine $30 each, pricing wrong its $29 to $31 range. The woody values Aspen astatine astir $2.76 cardinal up of its NYSE trading debut nether the ticker awesome AHL.

Founded successful 2002, Aspen underwrites specialty security and reinsurance globally. It archetypal went nationalist successful 2003 connected the NYSE and added a listing connected the Bermuda Stock Exchange successful 2004. Apollo acquired the institution successful 2019 for $2.6 cardinal and volition stay its controlling shareholder aft the IPO.

The offering comes amid economical uncertainty linked to U.S. President Donald Trump's commercialized policy. However, improving sentiment driven by easing tensions has helped stabilize the IPO environment.

Goldman Sachs, Citigroup, and Jefferies led the underwriting.

Investors volition beryllium watching however Aspen performs successful the unfastened marketplace and whether it tin leverage the superior rise for planetary growth.