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Accelerant Holdings Announces Launch of Initial Public Offering

1. Accelerant inititates IPO, offering 28.9 million shares at $18-$20 each. 2. Morgan Stanley and Goldman Sachs lead the bookrunning team for the IPO. 3. No proceeds to Accelerant from shares sold by existing shareholders. 4. ARX will trade on NYSE pending SEC approval of the listing. 5. Accelerant connects underwriters with risk capital in specialty insurance.

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Why Bullish?

The positive reception could boost ARX’s market visibility, similar to successful IPOs like Lemonade that improved initial valuations.

How important is it?

The IPO announcement directly relates to ARX's market entry and investor interest, likely influencing stock performance.

Why Short Term?

Anticipation around the IPO can drive short-term interest and volatility, as seen with many recent IPOs.

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ATLANTA--(BUSINESS WIRE)--Accelerant Holdings (“Accelerant”) announced today the launch of its initial public offering of 28,947,368 of its Class A common shares, par value $0.0000011951862 per share (the “Common Shares”). The offering consists of 20,276,280 Common Shares offered by Accelerant and 8,671,088 Common Shares to be sold by certain of Accelerant’s existing shareholders (the “Selling Shareholders”). In connection with the offering, certain of the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,342,105 Common Shares. Accelerant will not receive any proceeds from the sale of Common Shares by the Selling Shareholders. The initial public offering price is expected to be between $18.00 and $20.00 per Common Share. Accelerant’s Common Shares have been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the ticker symbol “ARX.” Morgan Stanley & Co. LLC is acting as lead left active bookrunner, Goldman Sachs & Co. LLC is acting as lead right active bookrunner, and BMO Capital Markets Corp. and RBC Capital Markets, LLC are acting as active bookrunners for the proposed offering. Wells Fargo Securities, LLC, Piper Sandler & Co., William Blair & Company, L.L.C., Raymond James & Associates, Inc. and TD Securities (USA) LLC are acting as bookrunners. Citizens Capital Markets and FT Partners are acting as co-managers. The proposed offering of Accelerant’s Common Shares will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the U.S. Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at prospectus@morganstanley.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, by telephone at (800) 414-3627, or by email at bmoprospectus@bmo.com; RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone at (877) 822-4089, or by email at equityprospectus@rbccm.com. A registration statement on Form S-1 relating to the Common Shares has been filed with the SEC, but has not yet become effective. The Common Shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy Common Shares, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. ABOUT ACCELERANT Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across 22 different countries and more than 500 specialty insurance products.

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