Hub International Targets $3B IPO with Hellman

Hub International IPO Announcement

Hub International Holdings Inc., an insurance broker, is seeking to raise about $3 billion in its initial public offering, according to Bloomberg reporting that cites people familiar with the matter. The company filed a confidential registration statement in late June and is targeting a listing as early as 2026, although the final IPO size may be adjusted as discussions progress.

Goldman Sachs Group Inc. and Morgan Stanley have been appointed as lead managers for the offering, while Bank of America Corp., Barclays Plc, BMO Capital Markets and JPMorgan Chase & Co. are also participating as advisers.

In May 2025, Hub secured a minority investment of roughly $1.6 billion from a consortium led by T. Rowe Price Investment Management Inc., Alpha Wave Global and Singapore state investor Temasek, which placed the firm’s enterprise value at $29 billion at that time. The upcoming IPO is backed by private‑equity firm Hellman & Friedman.