Aspen Insurance Prices $397 Million IPO

MT Newswires Live
08 May

Aspen Insurance Holdings (AHL) said late Wednesday it priced its upsized $397 million initial public offering of roughly 13.3 million Class A shares at $30 apiece.

Underwriters have a 30-day overallotment option to buy up to an additional 1.9 million shares, according to a statement.

The offering is expected to close on May 9. Shares are expected to start trading on the New York Stock Exchange today under the ticker AHL, the company said.

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