Reported 1 day ago
Accelerant Holdings (NYSE:ARX) saw a remarkable 26.19% rise in its share price on its market debut, reflecting strong investor confidence. On its first trading day, it peaked at $29.45, up from its IPO price of $21, before closing at $26.5. The company raised $724 million from its IPO by offering 34.5 million shares, although it will not benefit from shares sold by existing shareholders. Founded in 2018, Accelerant operates as an insurance marketplace for niche sellers.
Source: YAHOO