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Hub International Files for IPO

27 Jun

Summary

Hub International has confidentially filed for an IPO.
The company was valued at $29 billion in its last funding.
Private equity firm acquired it in a $4.4 billion deal.

Hub International, an insurance brokerage firm based in Chicago, has taken a significant step towards public trading. The company announced on Friday that it has confidentially filed for an initial public offering (IPO) in the United States. This move indicates a potential shift in its ownership structure and future growth strategy.

The company's market standing is underscored by its last funding round, which valued Hub International at an impressive $29 billion. Key investors in this round included prominent firms such as T Rowe Price, Alpha Wave Global, and Singapore's state investor, Temasek, highlighting strong confidence in its business model.

Further illustrating its financial history, Hub International was acquired by private equity firm Hellman & Friedman in 2013. This transaction was valued at $4.4 billion, marking a substantial milestone in the company's past financial maneuvers. The recent IPO filing suggests a new chapter for the established insurance broker.

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