Insurance brokerage firm Hub International revealed on Friday that it has submitted a confidential filing for an initial public offering on the US stock market.
The company, headquartered in Chicago, was most recently valued at $29 billion during a funding round backed by T Rowe Price, Alpha Wave Global, and Temasek, the state-owned investment fund of Singapore.
Hub International’s history with private ownership stretches back to 2013, when private equity firm Hellman & Friedman purchased the company in a deal worth $4.4 billion.
