Hellman & Friedman-Backed Hub International Files Confidentially for IPO at ~$29B Value
- Insurance brokerage Hub International has confidentially submitted a draft S-1 to the SEC for a long-anticipated IPO; the firm was last valued at roughly $29 billion in private funding (Bloomberg).
- A public listing from one of the largest U.S. insurance brokers would test investor appetite for PE-backed specialty-distribution names in a volatile market for new issues.
- Timing and pricing have not been disclosed.