Bamboo Insurance Services, Inc.
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See all $BMB insider activity →Bamboo Insurance Services, backed by White Mountains Insurance Group and CVC Capital Partners, aims to raise up to $700M in an IPO, selling 35M shares at $18-$20 each. White Mountains will reduce its stake. Bamboo reported $13.8M net income on $173.4M revenue for H1 2024. The IPO is expected to price September 22, with shares trading under BMB.
Bamboo Insurance Services Inc. aims to raise up to $700 million in an IPO, selling 35 million shares at $18-$20 each. The company reported $14 million in net income and $173 million in revenue for the first half of 2026. It plans to list on the NYSE under the ticker 'BMB'.
Bamboo Insurance Services plans to IPO 35 million Class A shares at $18-$20 per share, listing on NYSE as BMB. Existing investors CVC and White Mountains will sell shares, with underwriters having a 30-day option for more. J.P. Morgan and Morgan Stanley lead the offering.
Potential dilution and new capital could boost valuation; existing shareholders cash out.
Potential supply of new shares could attract investors seeking exposure to AI‑enabled homeowners insurance.
New primary capital raise of up to ~$700 million; potential supply pressure and price discovery on debut.
The IPO filing introduces a sizable new public float in the property‑insurance sector.
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Bamboo Insurance Services, backed by White Mountains Insurance Group and CVC Capital Partners, aims to raise up to $700M in an IPO, selling 35M shares at $18-$20 each. White Mountains will reduce its stake. Bamboo reported $13.8M net income on $173.4M revenue for H1 2024. The IPO is expected to price September 22, with shares trading under BMB.
2 min readBamboo Insurance Services Inc. aims to raise up to $700 million in an IPO, selling 35 million shares at $18-$20 each. The company reported $14 million in net income and $173 million in revenue for the first half of 2026. It plans to list on the NYSE under the ticker 'BMB'.
2 min readBamboo Insurance Services plans to IPO 35 million Class A shares at $18-$20 per share, listing on NYSE as BMB. Existing investors CVC and White Mountains will sell shares, with underwriters having a 30-day option for more. J.P. Morgan and Morgan Stanley lead the offering.
2 min readBamboo Insurance Services, backed by CVC, aims for a $3.13 billion valuation in its U.S. IPO, offering 35 million shares at $18-$20 each. The Utah-based company focuses on residential property insurance, particularly in California. It plans to list on the NYSE as 'BMB'. Underwriters include J.P. Morgan and Morgan Stanley. The IPO is part of a strong insurance sector pipeline despite market volatility.
3 min read