Hub International files confidentially for proposed US IPO

Hub International has confidentially filed a draught registration connection with the US Securities and Exchange Commission (SEC) for a projected archetypal nationalist offering (IPO) of its communal stock.

The security brokerage did not disclose the timing of the offering, the fig of shares oregon the projected terms range.

Hub said the proceeds would beryllium utilized for wide firm purposes and could see indebtedness repayment.

According to its website, the institution provides spot and casualty, reinsurance, beingness and ‌health, ⁠and worker benefits services, and has astir 21,000 employees crossed 570 offices successful North America.

Hub was formed successful 1998 done the merger of 11 Canadian brokerages.

It listed connected the Toronto Stock Exchange successful 1999 and connected the New York Stock Exchange successful 2002.

In 2007, the institution was taken backstage aft Apax Partners and Morgan Stanley agreed to get it erstwhile its marketplace capitalisation had exceeded $1bn.

In 2013, backstage equity steadfast Hellman & Friedman acquired Hub from those owners successful a $4.4bn transaction.

The confidential filing was submitted pursuant to the Securities Act of 1933 and does not represent an connection to merchantability oregon a solicitation to bargain securities.

Any nationalist offering would stay taxable to SEC reappraisal and marketplace conditions.

The filing comes arsenic Hub continues to adhd to its enactment structure.

Earlier this month, the institution named Paul Collins arsenic Northeast Area president, effectual 1 July 2026, expanding his responsibilities to see Hub New England successful summation to his existent enactment of Hub Northeast.

"Hub International files confidentially for projected US IPO" was primitively created and published by Life Insurance International, a GlobalData owned brand.