Aspen Insurance Holdings Limited Goes Public on the NYSE

• Aspen Insurance Holdings Limited (NYSE:AHL) successfully closed its IPO, selling 13.25 million shares at $30 each.
• The company's stock value surged by 10.8% post-IPO, indicating strong investor confidence.

Aspen Insurance Holdings Limited, known by its ticker AHL, is a specialty insurer based in Bermuda. The company recently made headlines as it prepared to go public on the New York Stock Exchange (NYSE). Aspen Insurance is offering 13.25 million shares, each priced at $30, marking a significant step in its financial journey.

The initial public offering (IPO) for Aspen Insurance was successfully closed, with all 13.25 million Class A ordinary shares sold at the set price of $30 per share. These shares were sold by entities managed by affiliates of Apollo Global Management, Inc., as highlighted by Business Wire. This move underscores the strong backing and confidence from Apollo in Aspen's market potential.

Following its return to the NYSE, Aspen Insurance saw a notable increase in its stock value. The shares surged by 10.8% above the offer price, boosting the company's valuation to $3.05 billion. This rise reflects investor confidence and interest in the Bermuda-based insurer's market position and future prospects.