The company aims to raise around $176m by issuing eight million shares priced between $20 and $22 each.
Operating income grew by 6% to $1.17bn during the quarter, while consolidated revenue increased by 11% to $6.4bn.
The tie-up aims to broaden the range of B2B2C insurance and assistance offerings, covering various sectors.
The transaction allows existing shareholders to receive liquidity or stay reinvested, while providing McLarens with additional capital for growth initiatives.
