Wall Street bullish on Accelerant as IPO quiet period ends

Accelerant Holdings

18/08/2025 12:57

** At least six brokerages start coverage on Accelerant ARX.N with broadly bullish views after quiet period ends

** Shares of the U.S. specialty insurance platform up ~2% premarket

**  Accelerant secured a valuation of $6.4 billion after its shares opened at $28.50 apiece in their NYSE debut on July 24, above the $21 offer price

** The company's risk exchange digital platform "should see independent activity grow meaningfully," RBS Capital Markets says

** Brokerage expects softening market to limit growth, but says MGA (managing general agent) market is a growing opportunity

** Private equity firm Altamont Capital retains majority voting control of Accelerant after the offering, for which Morgan Stanley and Goldman Sachs acted as lead active bookrunners

** Below are some of the ratings and price targets on ARX:

Brokerage
Rating
PT
Piper Sandler
Overweight
$35
RBC Capital Markets
Outperform
$33
Wells Fargo
Equal weight
$28
BMO
Outperform
$34
TD Cowen
Buy
$36
Raymond James
Outperform
$33

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com;))