Insurance Broker Acrisure Interviews Banks for 2024 IPO

Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong companies.

Grand Rapids, Michigan-based Acrisure is expected to be valued at well over $20 billion in an initial public offering, the people said, asking not to be identified discussing confidential information. The company raised $725 million for a $23 billion valuation last year from backers including Abu Dhabi Investment Authority.