Aspen says "there is no assurance" IPO will be pursued

Aspen says “there is no assurance” IPO will be pursued | Insurance Business America

Insurance News

Aspen says “there is no assurance” IPO will be pursued

Update comes following news of US pick over UK listing

Insurance News

By
Terry Gangcuangco

“There is no assurance that Aspen will pursue an IPO or that any IPO will be successful.”

That was the pronouncement made by Aspen Insurance Holdings following reports that it is favoring New York over London for its supposed 2024 initial public offering.

In a release, the insurance group announced that, subject to “satisfactory market conditions,” it is considering an IPO of its ordinary shares next year.

Aspen stated: “There is no assurance that Aspen will pursue an IPO or that any IPO will be successful. To the extent Aspen pursues an IPO, neither the number of ordinary shares to be offered nor the price range for any such potential IPO has been determined at this time.

“A registration statement relating to Aspen’s ordinary shares to be sold in the proposed IPO is expected to be filed with the [US] Securities and Exchange Commission but has not been filed or become effective.”

It added that any IPO is subject to completion of the review process by the SEC.

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