The insurance broker, valued at $29bn, filed confidentially for a listing aimed at debt repayment and corporate use.
Hub International plans to raise about $3bn in an initial public offering as early as this year, targeting proceeds for general corporate purposes including debt repayment. The Hellman & Friedman-backed firm filed confidentially in late June, with Goldman Sachs and Morgan Stanley leading the offering alongside other major banks.
The company secured a $1.6bn minority investment in May 2025 at a $29bn enterprise value, led by T. Rowe Price and Temasek. The IPO would join a record half-year for US listings, following a quiet period for large private equity-backed deals.
Earlier this week, Brookfield-backed Csquare began marketing a $1.35bn IPO, while Blackstone’s Jersey Mike’s Subs and TDR Capital’s Cumberland Farms also filed for listings recently.