(Reuters) -Todd Boehly-backed insurance tech company Accelerant filed for an initial public offering in the United States on Monday.
The move comes as the IPO market, which had been languishing amid economic uncertainty and elevated interest rates, is beginning to recover.
Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC Capital Markets are among the underwriters for the IPO. The company plans to list on the NYSE under ticker symbol “ARX”.
Boehly, a billionaire, is one of the most active investors in sports, media and financial services.
(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)
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