The Daily Pulse

Business

CVC-backed Bamboo Insurance targets $3.24 billion valuation in US IPO

Reported by Deepak Mishra (Copy Editor) · Economic Times - Markets ·

CVC-backed Bamboo Insurance targets $3.24 billion valuation in US IPORepresentative image · Wikimedia Commons

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.

Read more at Economic Times - Markets