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flag Aspen Insurance raised $397.5M in a U.S. IPO, with shares jumping 10.8% on the first day.

flag Aspen Insurance, a Bermuda-based insurer backed by Apollo Global Management, raised $397.5 million through its US IPO, pricing shares at $30 each. flag The company began trading on the New York Stock Exchange under the ticker "AHL." flag Despite market uncertainties and recession fears, the IPO was well-received, with shares jumping 10.8% on the first day to $33.25. flag Apollo remains the controlling shareholder, reducing its stake to 81% post-IPO.

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