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Apollo-backed Aspen Insurance extends momentum after NYSE return

ReutersMay 9, 2025 3:07 PM

Bermudian specialty insurer Aspen Insurance's AHL.N shares rise ~3% to $33.46

AHL returned to the New York Stock Exchange on Thursday after more than six years

The stock closed up 8.3% at $32.50 on Thursday after rising as high as $34 in its NYSE return

Parent Apollo Global APO.N sold 13.25 million shares in Aspen's upsized IPO to raise $397.5 million at $30 apiece

Apollo will own about 84.3% of Aspen following the offering, according to an SEC filing

Underwriters have a 30-day option to buy up to an additional 1,987,500 AHL ordinary shares

Aspen previously traded on the NYSE from 2003 until 2019, when Apollo acquired it for $2.6 billion

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