Hub International Files Confidentially for IPO

Dow Jones06-27

Hub International, the insurance brokerage valued at about $29 billion as of May 2025, filed confidentially for an initial public offering.

The Chicago-based company plans to use IPO proceeds for general corporate purposes, which may include debt repayment.

Hub's investors include Hellman & Friedman.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

By Josh Beckerman

Hub International, the insurance brokerage and financial services firm valued at about $29 billion as of May 2025, filed confidentially for an initial public offering.

The Chicago company plans to use IPO proceeds for general corporate purposes, which may include debt repayment.

Hellman & Friedman invested in Hub in 2013. It received minority investments from Altas Partners in 2018 and Leonard Green & Partners in 2023.

The company said in May 2025 that it entered an agreement for a minority common equity investment of about $1.6 billion. Participants included T. Rowe Price Investment Management, Alpha Wave Global, Temasek and other new and existing backers. At that time, Hub said Hellman & Friedman would retain a controlling interest.

Earlier in June, Hub said it named Faizal Mitha as vice president of AI Sales Innovation, effective July 1.

Like many companies, Hub disclosed the confidential S-1 filing in a press release with few details, planning an eventual public filing that would include financial results, underwriters and other specifics.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 26, 2026 18:20 ET (22:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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