Latest news with #AccelerantHoldings
Yahoo
27-07-2025
- Business
- Yahoo
Accelerant (ARX) Soars 26% on Market Debut
We recently published . Accelerant Holdings (NYSE:ARX) is one of the best-performing stocks on Thursday. Insurance firm Accelerant Holdings saw its share price surge by 26.19 percent on its first day as a publicly listed company, underscoring strong investor confidence in its stock. In intra-day trading, Accelerant Holdings (NYSE:ARX) rallied by as high as 40 percent to hit $29.45 from its initial public offering price of $21, before paring gains to end the day at $26.5 apiece. The company was able to raise $724 million from its IPO, covering 34.5 million shares. The offering consisted of 20.28 million common shares from Accelerant Holdings (NYSE:ARX) and some 14.18 million shares from other existing shareholders. They had earlier planned on selling 29 million shares at a price ranging from $18 to $20 apiece. Accelerant Holdings (NYSE:ARX) said it will not receive any proceeds from the shares sold by existing shareholders. Founded in 2018, Accelerant Holdings (NYSE:ARX) operates as an insurance marketplace connecting niche sellers with institutional investors. While we acknowledge the potential of ARX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
26-07-2025
- Business
- Yahoo
Accelerant Holdings (ARX) Extends IPO Rally on Strong Investor Confidence
We recently published . Accelerant Holdings (NYSE:ARX) is one of the best-performing stocks on Friday. Accelerant Holdings extended its winning streak to a second day on Friday, adding 12.42 percent to close at $29.79 apiece on strong confidence for its products. The insurer is a newly listed company, having debuted on the stock market only on Thursday, July 24. From its initial public offering price of $21, the stock has already jumped by as much as 48 percent to touch $31.18 on Friday before paring gains to end slightly lower. Accelerant Holdings (NYSE:ARX) was able to sell $724 million shares from its IPO, covering 34.5 million of combined new and existing shares. The new shares consisted of 20.28 million common stocks, while some 14.18 million were sold by existing stockholders. Accelerant Holdings (NYSE:ARX) said it will not receive any proceeds from the shares sold by existing stockholders. Founded in 2018, Accelerant Holdings (NYSE:ARX) operates as an insurance marketplace connecting niche sellers with institutional investors. While we acknowledge the potential of ARX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-07-2025
- Business
- Yahoo
Accelerant Holdings (ARX) Extends IPO Rally on Strong Investor Confidence
We recently published . Accelerant Holdings (NYSE:ARX) is one of the best-performing stocks on Friday. Accelerant Holdings extended its winning streak to a second day on Friday, adding 12.42 percent to close at $29.79 apiece on strong confidence for its products. The insurer is a newly listed company, having debuted on the stock market only on Thursday, July 24. From its initial public offering price of $21, the stock has already jumped by as much as 48 percent to touch $31.18 on Friday before paring gains to end slightly lower. Accelerant Holdings (NYSE:ARX) was able to sell $724 million shares from its IPO, covering 34.5 million of combined new and existing shares. The new shares consisted of 20.28 million common stocks, while some 14.18 million were sold by existing stockholders. Accelerant Holdings (NYSE:ARX) said it will not receive any proceeds from the shares sold by existing stockholders. Founded in 2018, Accelerant Holdings (NYSE:ARX) operates as an insurance marketplace connecting niche sellers with institutional investors. While we acknowledge the potential of ARX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
26-07-2025
- Business
- Yahoo
Accelerant (ARX) Soars 26% on Market Debut
We recently published . Accelerant Holdings (NYSE:ARX) is one of the best-performing stocks on Thursday. Insurance firm Accelerant Holdings saw its share price surge by 26.19 percent on its first day as a publicly listed company, underscoring strong investor confidence in its stock. In intra-day trading, Accelerant Holdings (NYSE:ARX) rallied by as high as 40 percent to hit $29.45 from its initial public offering price of $21, before paring gains to end the day at $26.5 apiece. The company was able to raise $724 million from its IPO, covering 34.5 million shares. The offering consisted of 20.28 million common shares from Accelerant Holdings (NYSE:ARX) and some 14.18 million shares from other existing shareholders. They had earlier planned on selling 29 million shares at a price ranging from $18 to $20 apiece. Accelerant Holdings (NYSE:ARX) said it will not receive any proceeds from the shares sold by existing shareholders. Founded in 2018, Accelerant Holdings (NYSE:ARX) operates as an insurance marketplace connecting niche sellers with institutional investors. While we acknowledge the potential of ARX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Bloomberg
24-07-2025
- Business
- Bloomberg
Todd Boehly-Backed Accelerant, Holders Raise $724 Million in IPO
Accelerant Holdings and some of its backers raised $724 million in an upsized US initial public offering priced above the marketed range, the latest insurance-related listing to meet with strong demand. The specialty insurance marketplace operator and investors including funds affiliated with Altamont Capital Partners enlarged the deal to 34.5 million shares at $21 apiece, according to a statement Wednesday. Bloomberg News reported the expected pricing earlier.
