CVC-backed Bamboo Insurance targets $3.24 billion valuation in US IPO
Bamboo Insurance is targeting a valuation of up to $3.24 billion in its US IPO, with selling shareholders seeking to raise as much as $700 million. The residential property insurer plans to offer 35 million shares at $18-$20 apiece and list on the New York Stock Exchange under BMB.
CVC-backed Bamboo Insurance targets $3.24 billion valuation in US IPO
What Happened
Bamboo Insurance is targeting a valuation of up to $3.24 billion in its US IPO, with selling shareholders seeking to raise as much as $700 million. The residential property insurer plans to offer 35 million shares at $18-$20 apiece and list on the New York Stock Exchange under BMB.
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Original reporting provided by Economic Times Markets.
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