Hub International, one of the biggest insurance brokerages in North America, has filed a confidential draft registration statement with the SEC for a proposed initial public offering. The Form S-1 filing, dated June 26, 2026, sets the stage for what could become one of the largest financial services IPOs in recent memory.
The company reached a $29 billion valuation just last year, following a $1.6 billion minority equity investment in May 2025. That round was led by T. Rowe Price Investment Management, Alpha Wave Global, and Temasek.
What a confidential filing actually means
A confidential S-1 filing lets a company share its financials with SEC reviewers without making them public immediately. The company gets to refine its disclosures, respond to regulatory feedback, and read the market’s temperature, all without the pressure of public scrutiny.
No details on share count, pricing, or exact timing have been disclosed. Industry observers have speculated the company could be ready for market entry in late 2026 or early 2027, which tracks with the typical timeline from confidential filing to public listing.
