Intriguing IPOs: Accelerant Holdings (ARX)
One of the more unique public offerings in the insurance industry.
Man, the market was busy while I was away.
The past couple of weeks have seen quite a few IPOs, and not just the uninvestible ones like the blank check companies and the likely nano cap pump-and-dump slop (although the prevalence of these going public might also be a signal of market sentiment).
Of the recent IPOs, a few stood out as more interesting than others. The one that popped off the page immediately was Accelerant Holdings (NYSE: ARX). Of the companies going public this year, this is one that, in my opinion, is tackling a unique problem in a market that has been dominated by the same sets of rules for hundreds of years. It certainly isn’t the perfect IPO (none are), but there is something there.
Let’s dig in.
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