Wall Street bullish on Accelerant as IPO quiet period ends

ReutersAug 18, 2025 11:57 AM

At least six brokerages start coverage on Accelerant ARX.N with broadly bullish views after quiet period ends

Shares of the U.S. specialty insurance platform up ~2% premarket

Accelerant secured a valuation of $6.4 billion after its shares opened at $28.50 apiece in their NYSE debut on July 24, above the $21 offer price

The company's risk exchange digital platform "should see independent activity grow meaningfully," RBS Capital Markets says

Brokerage expects softening market to limit growth, but says MGA (managing general agent) market is a growing opportunity

Private equity firm Altamont Capital retains majority voting control of Accelerant after the offering, for which Morgan Stanley and Goldman Sachs acted as lead active bookrunners

Below are some of the ratings and price targets on ARX:

Brokerage	Rating	PT
Piper Sandler	Overweight	$35
RBC Capital Markets	Outperform	$33
Wells Fargo	Equal weight	$28
BMO	Outperform	$34
TD Cowen	Buy	$36
Raymond James	Outperform	$33

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