Fosun resumes twin-track Ironshore sale amid IPO concerns

Ironshore is again being offered to potential acquirers by Fosun
amid concerns that an IPO will value the business at too heavy a
discount to the purchase price, The Insurance
Insider can reveal.
Sources told this publication that Fosun's adviser Citi
recently started contacting some of the parties that expressed an
interest in acquiring or buying into Ironshore ahead of the IPO
filing, but which were unwilling to match the unrealistic 1.25x
valuation placed on the firm.
In March, The...