Alternative Insurance Capital
Aspen goes for IPO
Bermuda-based
Aspen Insurance is looking to raise up to $209mn through an initial public offering of 9.5mn ordinary shares at a price of between
$20 and $22 a share. The offer is being lead-underwritten by Credit Suisse First Boston and Goldman Sachs, which have a greenshoe
option of just over 1.4mn shares to cover over-allotments.