Accelerant (NYSE: ARX) deal-math waterfall: IPO, pre-deal close, intraday surge, and cash offer cap
Horizontal price ladder showing ARX milestones from IPO at $21.00 in July 2025 through the 52-week low of $9.18, the Aug. 12 close of $13.61, the Aug. 13 surge to $19.51, and the Thoma Bravo cash offer cap of $20.25, which sits $0.75 below the IPO price.
Accelerant (NYSE: ARX) deal-math price ladder
IPO through Thoma Bravo cash offer, price per share (USD)
IPO $21.00
cash offer cap $20.25
$8
$12
$16
$20
IPO price (Jul 23, 2025)
$21.00
52-week low (Feb 2026)
$9.18
Aug. 12 close (pre-deal)
$13.61
Aug. 13 open
$19.61
Aug. 13 intraday (current)
$19.51
Aug. 13 intraday high
$19.62
Thoma Bravo cash offer (cap)
$20.25
surge vs. prior close
+43.4% (+$5.90)
arb spread to cap
~3.8% ($0.74)
cap below IPO
$0.75 short of IPO
Aug. 13 intraday price (the surge)
Aug. 13 surge-day prints (open, high)
52-week low
Prior close / IPO reference
Cash offer cap (ceiling)
IPO reference ($21)
Source: deal announcement and Aug. 13 market data.