Bamboo Insurance Files Registration Statement for Proposed Initial Public Offering
The insurer plans to list under the ticker BMB as it reports nearly $900 million in premiums and $173 million in six-month revenue.
- On Friday, CVC-backed Bamboo Insurance Services filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to initiate an initial public offering. The company intends to list on the New York Stock Exchange under ticker symbol "BMB."
- Founded in 2018 and led by industry veteran John Chu, Bamboo uses advanced analytics to manage homeowners' coverage. Originally launching in California during wildfires, the firm expanded into Texas to drive profitable growth.
- Bamboo reported total revenue of $173 million for the six months through June 30, compared with $124 million a year earlier. Managed premiums have nearly doubled to reach nearly $900 million from $451 million.
- J.P. Morgan, Morgan Stanley, Deutsche Bank Securities, Evercore ISI, and Wells Fargo Securities are serving as underwriters. White Mountains Insurance sold a majority stake to CVC last year, valuing the company at $1.75 billion.
- The filing signals renewed interest among insurers to go public in a booming market for new listings. The registration statement has been filed with the SEC but has not yet become effective, preventing current securities sales.
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22 Articles
Montana Standard
Bamboo Insurance Files Registration Statement for Proposed Initial Public Offering
MIDVALE, Utah, Aug. 28, 2026 /PRNewswire/ -- Bamboo Insurance Services, Inc. ("Bamboo Insurance") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public…
Bamboo Insurance Services Files Form S-1 for Proposed Initial Public Offering
Bamboo Insurance Services, Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission on August 28, 2026, to initiate a proposed initial public offering of its common stock. The Midvale, Utah-based company submitted the filing to begin the formal regulatory process required for the firm to transition into a publicly traded entity. The registration statement outlines the preliminary details of the offering, t…
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