By Scott Vincent

July 1 - (The Insurer) - U.S. specialty platform Accelerant Holdings said it had filed for an initial public offering on the New York Stock Exchange on Monday, the latest in a series of industry listings during 2025.

Accelerant said it was intending to list an as yet undisclosed amount of Class A common shares under the ticker symbol ARX.

Pricing and timing of the listing have also yet to be determined, the company said.

Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC Capital Markets were named in the announcement as active bookrunners for the IPO.

Founded in 2018, Accelerant describes itself as "a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers".

The company reported revenue of $178 million for the first quarter of 2025, a 39% jump year-on-year, with net income rising to $7.8 million from $2.1 million in the first quarter of 2024.

Accelerant had previously stated that it was considering the option of an IPO. In an interview with The Insurer in October 2024, the company's CEO Jeff Radke said that the move was under "constant evaluation" as it seeks to continue its growth.

Accelerant's announcement continues the recent run of U.S. insurance IPOs which includes Aspen, American Integrity, Atregrity and Slide.

American Integrity went public on May 8 in an IPO that raised gross proceeds of $100 million, before deducting underwriting commissions and estimated offering expenses of $18.5 million.

Aspen began trading on the New York Stock Exchange on the same day, raising $397.5 million in an upsized IPO which priced 13.25 million shares at $30 a piece.

E&S carrier Ategrity debuted in New York on June 11 under the ticker ASIC with its share price ending its first day of trading at $24.68, or 45% above the offering price for the IPO.

Florida carrier Slide Insurance Holdings also went public on the Nasdaq Global Select Market last month, generating gross proceeds from the IPO of $469.2 million.