US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

American Integrity Insurance Group / Equity Capital Markets

American Integrity Insurance Group (AII US)

<ul>
<li>According to our sources,  the deal is oversubscribed with a good amount of accounts still to hear from.</li>
<li>Management has strong numbers as of year-end 2024 and have gained even more momentum in Q1 2025. </li>
<li>While smaller in size, this company has a sustainable expansion plan and a profitable balance sheet with a tailwind from a growing Florida market.</li>
</ul>


According to our sources,  the deal is oversubscribed with a good amount of accounts still to hear from.
Management has strong numbers as of year-end 2024 and have gained even more momentum in Q1 2025. 
While smaller in size, this company has a sustainable expansion plan and a profitable balance sheet with a tailwind from a growing Florida market.


American Integrity Insurance Group (AII): Specialty Insurer Eyes IPO, Winner in Florida

<ul>
<li>American Integrity Insurance Group (AII US) was one of two insurance companies to set terms for an IPO on Tuesday morning for a debut next week.</li>
<li>Gross premiums written increased 43.9% to $212.2 million for the three months ended March 31, 2025, compared to $147.5 million for the three months ended March 31, 2024. </li>
<li>The underwriting lineup on this sector, led by Keefe Bruyette &amp; Woods, has a strong track record of pricing and placing transactions in this sector.</li>
</ul>


American Integrity Insurance Group (AII US) was one of two insurance companies to set terms for an IPO on Tuesday morning for a debut next week.
Gross premiums written increased 43.9% to $212.2 million for the three months ended March 31, 2025, compared to $147.5 million for the three months ended March 31, 2024. 
The underwriting lineup on this sector, led by Keefe Bruyette &amp; Woods, has a strong track record of pricing and placing transactions in this sector.


American Integrity Insurance Group (AII): Florida Based Insurance Company Sets Terms for IPO

Aspen Insurance Holdings / Equity Capital Markets

<ul>
<li>Aspen Insurance Holdings filed for its IPO in December 2023 and saw its filing refreshed in December 2024 and once again on March 20th, 2025.</li>
<li>This company was acquired by private-equity titan Apollo Global in a transaction announced in August 2018 and closing in February 2019. </li>
<li>For the twelve months ended December 31, 2024, they wrote $4,609 million in gross written premiums marking a 16.2% increase from the same period in 2023. </li>
</ul>


Aspen Insurance Holdings filed for its IPO in December 2023 and saw its filing refreshed in December 2024 and once again on March 20th, 2025.
This company was acquired by private-equity titan Apollo Global in a transaction announced in August 2018 and closing in February 2019. 
For the twelve months ended December 31, 2024, they wrote $4,609 million in gross written premiums marking a 16.2% increase from the same period in 2023. 


Aspen Insurance Holdings Limited (AHL): Another Insurance IPO Possibility on the Horizon

<ul>
<li>They are the seventh largest writer of residential property insurance in Florida based on DPW for policies in-force as of December 31, 2024.</li>
<li>For the years ended December 31, 2024 they produced gross premiums written of $767.7 million and  net premiums written of $194.4 million. Their net income was $39.7 million.</li>
<li>We anticipate this company to set terms (share size, price range) and debut in the month of May.</li>
</ul>


They are the seventh largest writer of residential property insurance in Florida based on DPW for policies in-force as of December 31, 2024.
For the years ended December 31, 2024 they produced gross premiums written of $767.7 million and  net premiums written of $194.4 million. Their net income was $39.7 million.
We anticipate this company to set terms (share size, price range) and debut in the month of May.


American Integrity Insurance Group (AII): Peeking at the Prospectus of Florida Based Insurer

United States

American Integrity Insurance Group, Inc. operates as an insurance company. The Company offers homeowners, new home construction, binding arbitration, vacant home, condo, watercraft, rental and seasonal dwelling, manufactured home, and golf cart insurance products and services. American Integrity Insurance Group serves clients in the United States.

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American Integrity Insurance Group (AII US)

American Integrity Insurance Group (AII): Specialty Insurer Eyes IPO, Winner in Florida

The company's oversubscribed deal and strong financial performance indicate sustainable growth and profitability in a growing market.

IPO Boutique

American Integrity Insurance Group (AII): Florida Based Insurance Company Sets Terms for IPO

American Integrity Insurance Group sets terms for IPO, with strong underwriting lineup and significant increase in gross premiums written.

IPO Boutique

Aspen Insurance Holdings Limited (AHL): Another Insurance IPO Possibility on the Horizon

Aspen Insurance Holdings, acquired by Apollo Global, saw a 16.2% increase in gross written premiums for the twelve months ending December 31,...

IPO Boutique

American Integrity Insurance Group (AII): Peeking at the Prospectus of Florida Based Insurer

Florida-based insurance company ranks seventh in residential property insurance, with strong financial performance and plans for upcoming IPO in May.

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

American Integrity Insurance Group (AII): Specialty Insurer Eyes IPO, Winner in Florida

​The company's oversubscribed deal and strong financial performance indicate sustainable growth and profitability in a growing market.

IPO Boutique

American Integrity Insurance Group (AII): Florida Based Insurance Company Sets Terms for IPO

​American Integrity Insurance Group sets terms for IPO, with strong underwriting lineup and significant increase in gross premiums written.

IPO Boutique

Aspen Insurance Holdings Limited (AHL): Another Insurance IPO Possibility on the Horizon

​Aspen Insurance Holdings, acquired by Apollo Global, saw a 16.2% increase in gross written premiums for the twelve months ending December 31,...

IPO Boutique

American Integrity Insurance Group (AII): Peeking at the Prospectus of Florida Based Insurer

​Florida-based insurance company ranks seventh in residential property insurance, with strong financial performance and plans for upcoming IPO in May.

IPO Boutique

The company's oversubscribed deal and strong financial performance indicate sustainable growth and profitability in a growing market.

American Integrity Insurance Group sets terms for IPO, with strong underwriting lineup and significant increase in gross premiums written.

Aspen Insurance Holdings, acquired by Apollo Global, saw a 16.2% increase in gross written premiums for the twelve months ending December 31,...

Florida-based insurance company ranks seventh in residential property insurance, with strong financial performance and plans for upcoming IPO in May.