| Business: |
Note: Bamboo Insurance Services postponed its IPO indefinitely due to market conditions on Tuesday morning, Sept. 22, 2026; the IPO had been scheduled to price that evening.
Note: The selling stockholders are offering all of the stock in the IPO of Bamboo Insurance Services, Inc., the prospectus said. The company will not receive any proceeds from the IPO – i.e., the sale of the selling stockholders’ shares, according to the prospectus.
(Incorporated in Delaware)
Bamboo is committed to building for the new era of insurance, where underwriting excellence, significant growth and operational efficiency co-exist and reinforce one another. We leverage AI and technology to deliver value to our Policyholders, Capacity Providers and Distribution Partners—combining industry-leading speed, precise and data-driven underwriting, proprietary insights, deep industry expertise and diversified, growing capacity.
Who We Are
Bamboo is an AI and technology-enabled, underwriting-first and capital-light homeowners insurance MGU (managing general underwriter).
We were purpose-built for today’s rapidly changing $189 billion homeowners insurance market and are underpinned by modern, modular technology designed for speed, scalability and adaptability. As a fast-growing MGU with strong profitability and a substantial runway for continued growth, we manage all functions across the insurance value chain, including data science and advanced analytics, underwriting and claims handling, while partnering with a diversified group of highly-rated Capacity Providers.
Note: Net income and revenue are for the year that ended on Dec. 31, 2025.
(Note: Bamboo Insurance Services, Inc. postponed its IPO indefinitely due to market conditions, according to the word on the Street on Tuesday morning, Sept. 22, 2026 – hours ahead of the pricing, which had been scheduled for Tuesday evening.)
(Background: Bamboo Insurance Services disclosed the terms for its IPO on Sept. 14, 2026, in an S-1/A filing: 35 million shares – all offered by the selling stockholders – at a price range of $18.00 to $20.00 – to raise $665 million, if priced at the $19.00 mid-point of its range. Background: Bamboo Insurance Services filed its S-1 for its IPO on Aug. 28, 2026, without disclosing the terms. Estimated proceeds were $100 million, a placeholder figure.)
|