Hamilton Seeks Up to $2 Billion Valuation in Next IPO Test
- Insurance group sets $16 to $18 price range for US listing
- Listing comes at challenging time for US IPO candidates
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Hamilton Insurance Group Ltd. is seeking to raise as much as $270 million in an initial public offering that could mark one of the last major tests of investor appetite for new listings this year.
The specialty insurer will offer 6.25 million Class B shares, as well as 8.75 million shares from existing shareholders, at $16 to $18 apiece, it said in a Securities and Exchange Commission filing on Wednesday. Pricing at the top end of that range will value Hamilton at about $2 billion.