Re/insurance group Aspen has announced that it has filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC), in preparation for a proposed underwritten initial public offering (IPO) of its ordinary shares.
This news comes following an earlier statement from the company, saying that “there is no assurance that Aspen will pursue an IPO or that any IPO will be successful.”
Details such as the timing, the exact number of shares to be offered, and the pricing range for this upcoming offering are still under deliberation.
The shares anticipated to be put on the market in this IPO are expected to be offered both by Aspen itself and certain selling shareholders. However, the launch of the IPO is contingent on market conditions and other relevant factors that may influence its execution.
For this pivotal offering, Aspen has engaged the services of several prominent financial institutions. Goldman Sachs & Co. LLC, Citigroup, Jefferies, and Apollo Global Securities have been appointed as joint book-running managers for the IPO.
Prospective investors were also reminded that the offering will occur strictly through a prospectus. Copies of the preliminary prospectus, related to this proposed offering, will be available once published. Interested parties may obtain these documents from Goldman Sachs & Co. LLC, which is one of the key players managing the book-running aspect of the offering. This document will provide essential information about Aspen, its business strategies, financial performance, and details of the IPO.
What are your thoughts on this story? Please feel free to share your comments below.
