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Hub International files confidentially for proposed US IPO

by theadvisertimes.com
3 weeks ago
in Business
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Hub International files confidentially for proposed US IPO
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Hub International has confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock.

The insurance brokerage did not disclose the timing of the offering, the number of shares or the proposed price range.

Hub said the proceeds would be used for general corporate purposes and could include debt repayment.

According to its website, the company provides property and casualty, reinsurance, life and ‌health, ⁠and employee benefits services, and has around 21,000 employees across 570 offices in North America.

Hub was formed in 1998 through the merger of 11 Canadian brokerages.

It listed on the Toronto Stock Exchange in 1999 and on the New York Stock Exchange in 2002.

In 2007, the company was taken private after Apax Partners and Morgan Stanley agreed to acquire it when its market capitalisation had exceeded $1bn.

In 2013, private equity firm Hellman & Friedman acquired Hub from those owners in a $4.4bn transaction.

The confidential filing was submitted pursuant to the Securities Act of 1933 and does not constitute an offer to sell or a solicitation to buy securities.

Any public offering would remain subject to SEC review and market conditions.

The filing comes as Hub continues to add to its leadership structure.

Earlier this month, the company named Paul Collins as Northeast Area president, effective 1 July 2026, expanding his responsibilities to include Hub New England in addition to his current leadership of Hub Northeast.

“Hub International files confidentially for proposed US IPO” was originally created and published by Life Insurance International, a GlobalData owned brand.



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