Aspen announces launch of initial public offering

Written by Adam Cadle

30/04/2025

Aspen Insurance is seeking a valuation of up to $2.85bn in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years.

Aspen parent, Apollo Global Management, is seeking to raise up to $341m in the IPO by offering 11 million shares priced between $29 and $31 each.

“With ongoing recessionary concerns, we anticipate continued interest in sectors perceived as more defensive and less sensitive to macroeconomic headwinds or tariffs,” said Lukas Muehlbauer, research analyst at IPOX. “Insurance fits this profile.”

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