Tiger Brokers

BUZZ-Apollo-backed Aspen Insurance extends momentum after NYSE return

Reuters
May 09, 2025
BUZZ-Apollo-backed <a href="https://laohu8.com/S/1F3.SI">Aspen</a> Insurance extends momentum after NYSE return

** Bermudian specialty insurer Aspen Insurance's AHL.N shares rise ~3% to $33.46

** AHL returned to the New York Stock Exchange on Thursday after more than six years

** The stock closed up 8.3% at $32.50 on Thursday after rising as high as $34 in its NYSE return

** Parent Apollo Global APO.N sold 13.25 million shares in Aspen's upsized IPO to raise $397.5 million at $30 apiece

** Apollo will own about 84.3% of Aspen following the offering, according to an SEC filing

** Underwriters have a 30-day option to buy up to an additional 1,987,500 AHL ordinary shares

** Aspen previously traded on the NYSE from 2003 until 2019, when Apollo acquired it for $2.6 billion

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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