Bamboo Insurance at a glance
As of- [1] Revenue: Bloomberg, September 14, 2026
- [2] Founded: Bamboo Insurance (official site, About page) (retrieved September 27, 2026)
- [3] Headquarters: Bamboo Insurance (official site, About page) (retrieved September 27, 2026)
What Bamboo Insurance does
Bamboo Insurance describes itself in its IPO prospectus as "an AI and technology-enabled, underwriting-first and capital-light homeowners insurance MGU."[1] As a managing general underwriter, Bamboo underwrites and distributes policies on behalf of insurance carriers that ultimately bear the claims risk, Reuters reported in September 2026.[2] Bamboo was founded in 2018 and is led by industry veteran John Chu, according to Reuters.[2] Bamboo sells property and homeowners insurance to consumers and through agents.[3] Bamboo held about 4% of California's homeowners insurance market as of 2025, Reuters reported in September 2026.[2]
Business model and customers
Bamboo Insurance reported revenue of $173 million and net income of $14 million for the six months ended June 30, 2026, according to its SEC registration statement.[1] For 2025, Bamboo reported revenue of $246 million for January 1 to December 4 and $25 million for December 5 to December 31, split by its change of control, compared with $180 million in 2024.[1] Bamboo reported $104 million of Adjusted EBITDA for 2025, a 38% margin, in its S-1/A.[1]
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Company Snapshot
Bamboo Insurance is an insurance company, based in Midvale, Utah, USA, founded 2017.
Recent changes
- Sep 24, 2026Sep 24, 2026Bamboo Insurance Pulls Its IPO Just Before Pricing Pulse story
- Sep 21, 2026Sep 21, 2026Bamboo Insurance's IPO Won't Give The Company A Dollar Pulse story
- Sep 14, 2026Sep 14, 2026IPO Postponed (all-secondary offering) Bloomberg
- Sep 14, 2026Sep 14, 2026First reported revenue: $173M (H1 2026) Bloomberg
- Dec 8, 2025Dec 8, 2025First reported valuation: $1.75BRumored Insurance Journal / Reuters
Debt, IPO & other events
not counted in equity raised| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 14, 2026 | ipo | Postponed (all-secondary offering) | — | CVC Capital PartnersWhite Mountains Insurance Group | Bloomberg |
How Bamboo Insurance has been funded
Funds managed by CVC acquired a majority interest in Bamboo from White Mountains on December 5, 2025, and hold a controlling equity interest, according to the S-1/A.[1] That deal valued Bamboo at $1.75 billion, Reuters reported.[4] On September 14, 2026, Bamboo set terms for an IPO in which selling shareholders sought up to $700 million by offering 35 million shares at $18 to $20, targeting a valuation of up to $3.24 billion on a fully diluted basis, Reuters reported.[4] Bamboo itself would receive no proceeds from the IPO, as all 35,000,000 Class A shares were offered by selling stockholders.[1] Bamboo planned to list on the New York Stock Exchange under the symbol "BMB," with J.P. Morgan, Morgan Stanley, Deutsche Bank Securities, Evercore ISI and Wells Fargo Securities among the underwriters.[2] MT Newswires, citing Bloomberg, reported on September 22, 2026 that Bamboo Insurance Services had postponed its IPO.[5]
Latest Pulse
- Sep 30, 2026Oura's IPO Delay Isn't A One-Company StoryOura's IPO postponement is one of several this fall -- Holtec and Bamboo Insurance also pulled back -- suggesting the reopened IPO window investors expected has stalled broadly, not just for one company.→
- Sep 25, 2026The Fall 2026 IPO Window, By The Numbers2026's IPO market has priced 109 offerings raising $146.5 billion through mid-September, and this week's cohort -- a mix of pops, declines and a pulled listing -- shows the window staying open but increasingly selective.→
- Sep 25, 2026This Week's IPO Class Delivered A Split VerdictThe same week produced a 19% pop for Ligent, a 12% decline for Electra Therapeutics, and a pulled listing for Bamboo Insurance -- evidence the 2026 IPO window is open but pricing power now depends entirely on the individual deal.→
- Sep 24, 2026This Fall's IPO Cohort, Scored Deal By DealSix live IPO storylines this week produced wildly different outcomes -- from a 19% Hong Kong pop to a pulled US deal -- and the spread says this fall's IPO window rewards individual fundamentals, not just good timing.→
- Sep 24, 2026The Fall IPO Pipeline, By The NumbersSix companies are mid-IPO-process on US and Indian exchanges this week, from Oura's $15.6B roadshow to Bamboo Insurance's all-secondary listing, and the spread across sectors says the fall IPO window is genuinely open.→
- Sep 24, 2026Bamboo Insurance Pulls Its IPO Just Before PricingBamboo Insurance Services postponed its planned NYSE listing on the day it was set to price, citing financial-market volatility, after marketing an all-secondary offering targeting a roughly $3.24 billion valuation.→
- Sep 22, 2026Why Some Fall IPOs Are Filing While Others Are PricingThis fall's IPO pipeline is splitting between companies actually pricing and trading -- newcleo, Electra Therapeutics -- and a growing backlog of filed-but-not-priced names including Nscale and Wella, some sitting for weeks without terms.→
- Sep 21, 2026Electra Therapeutics Closes First Day Down 12%Electra Therapeutics priced its upsized IPO at $15 a share for roughly $350 million, then closed its first trading day on Nasdaq down nearly 12% at $13.25 -- a rockier debut than the biotech IPO market's recent run of first-day pops.→
- Sep 21, 2026Bamboo Insurance's IPO Won't Give The Company A DollarBamboo Insurance is marketing 35 million shares at $18-$20 for its NYSE debut under ticker BMB, but every share is being sold by backers CVC Capital Partners and White Mountains -- the company gets no proceeds.→
- Sep 14, 2026Why 2026 Has Fewer IPOs Than 2025 Despite Bigger OnesValue Add Pulse compared the 2026 US listing tally with 2025 and found slightly fewer deals despite record-sized offerings, a mix shift toward large asset-heavy issuers rather than a broad reopening.→
Coverage Timeline
newest firstAll Coverage
IPO
This Week's IPO Class Delivered A Split Verdict
The same week produced a 19% pop for Ligent, a 12% decline for Electra Therapeutics, and a pulled listing for Bamboo Insurance -- evidence the 2026 IPO window is open but pricing power now depends entirely on the individual deal.
DEEP DIVE
The Fall IPO Pipeline, By The Numbers
IPO
The Fall IPO Pipeline, By The Numbers
Six companies are mid-IPO-process on US and Indian exchanges this week, from Oura's $15.6B roadshow to Bamboo Insurance's all-secondary listing, and the spread across sectors says the fall IPO window is genuinely open.
BY THE NUMBERS
Bamboo Insurance's IPO Won't Give The Company A Dollar
IPOUp to $700M (secondary)
Bamboo Insurance's IPO Won't Give The Company A Dollar
Bamboo Insurance is marketing 35 million shares at $18-$20 for its NYSE debut under ticker BMB, but every share is being sold by backers CVC Capital Partners and White Mountains -- the company gets no proceeds.
DEEP DIVE
Three IPOs Set Terms In A $2.1B Week
IPO~$2.1B combined
Three IPOs Set Terms In A $2.1B Week
Holtec Nuclear, Bamboo Insurance and Electra Therapeutics set IPO terms within a day of each other, lining up roughly $1.8 billion of supply; with Orion180's $320 million deal, the week's calendar totals about $2.1 billion.
FOLLOW-UP
Value Add Research
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Bamboo Insurance FAQ
How much revenue does Bamboo Insurance make?
Bamboo Insurance reported revenue of $173 million for the six months ended June 30, 2026, and $180 million for full-year 2024, according to its S-1/A.[1]
Who owns Bamboo Insurance?
CVC funds have held a controlling equity interest in Bamboo Insurance since acquiring a majority interest from White Mountains on December 5, 2025.[1] After the planned IPO, CVC would have held about 73% of the Class A common stock and about 61% of the voting power.[1]
When is the Bamboo Insurance IPO?
Bamboo Insurance launched an IPO on September 14, 2026 to list on the NYSE under the symbol BMB, but MT Newswires reported on September 22, 2026 that it had postponed the offering.[4],[2],[5]
Who is the CEO of Bamboo Insurance?
John Chu is Bamboo Insurance's founder, Chief Executive Officer and Chairman.[1]
What is Bamboo Insurance's revenue?
Bamboo Insurance's most recent revenue figure is $173M (H1 2026), reported by Bloomberg, September 2026.
When was Bamboo Insurance founded and where is it based?
Bamboo Insurance was founded in 2017 and is headquartered in Midvale, Utah, USA, according to Bamboo Insurance (official site, About page).
References
researched 2026-10-19Sources & methodologyshow
Where these figures come from
- Bloombergmajor outlet2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.