Hub International Confidentially Files for IPO as Proceeds Could Cut Debt
Updated
Updated · Bloomberg · Jun 26
Hub International Confidentially Files for IPO as Proceeds Could Cut Debt
3 articles · Updated · Bloomberg · Jun 26
Summary
Hub International submitted a draft registration statement to the US Securities and Exchange Commission in a confidential filing for an initial public offering.
The Chicago-based insurance broker said IPO proceeds could be used to pare debt, signaling balance-sheet repair as a key aim of the listing.
Hellman & Friedman backs Hub, but the company has not yet set the offering's timing, share count or price range.