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HUB International Confidentially Submits Draft Registration Statement for Proposed Initial Public Offering
The Chicago-based insurance broker is seeking to tap a U.S. IPO market that has rebounded as companies test investor demand.
On Friday, insurance broker Hub International confidentially filed for an initial public offering in the United States, initiating its return to public markets.
Hub, valued at $29 billion in a 2025 funding round, was acquired by private equity firm Hellman & Friedman in a $4.4 billion deal in 2013 after trading on the Toronto Stock Exchange and New York Stock Exchange.
Operating across 570 offices throughout North America, the firm maintains around 21,000 employees providing property, casualty, reinsurance, and employee benefits services.
Insurance brokers have dominated recent listings, accounting for six of the 16 largest IPOs since 2021, led by Ryan Specialty Holdings amid a U.S. market rebound.
Confidential filings allow companies to keep financial details under wraps until closer to the listing, providing flexibility to prepare for public market entry away from immediate scrutiny.