June 30 (Reuters) - Billionaire sports financier Todd

Boehly-backed insurance tech company Accelerant filed for an

initial public offering in the United States on Monday, almost

two years after it first considered a stock market flotation.

The move comes as the IPO market, which had been languishing

amid economic uncertainty and elevated interest rates, is

beginning to recover.

Strong debuts in recent weeks and improving sentiment toward

equities are prompting companies to move forward with their

listings, which they had delayed in the wake of a dull market.

Disruptions related to tariffs had briefly derailed the

stock market in April, but the S&P 500 and the Nasdaq

indexes reached record closing highs on Monday, capping

their best quarter in more than a year.

Accelerant recorded $178 million in revenue in the three

months ended March 31, a 39% jump from the year before. Its net

income was $7.8 million, compared with $2.1 million in 2024.

Proceeds from the IPO will be used to redeem some

convertible preference shares, and to pay management fees to its

majority investor Altamont Capital Partners, a private equity

firm.

Accelerant, founded in 2018, is an insurance marketplace

that connects niche insurance sellers with institutional

investors, using data to make the process faster, cheaper and

smarter.

Morgan Stanley, Goldman Sachs, BMO Capital Markets and RBC

Capital Markets are among the underwriters for the IPO. The

company plans to list on the NYSE under ticker symbol "ARX".

Boehly is one of the most active investors in sports, media

and financial services.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini

Ganguli)