Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Bamboo Insurance Backers Seek $700 Million in US IPO

Bamboo Insurance Services Inc., a home insurance company controlled by private equity firm CVC Capital Partners, is seeking to raise as much as $700 million in an initial public offering that will enable its backers to cut their stakes.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

The U.S. economy faces mounting headwinds. Here are the top risks.

Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.

  • Iran conflict and shipping lane attacks raise oil prices to four-month high
  • Annual inflation surpasses 3.4% target, remaining above Federal Reserve's 2% goal
  • Federal Reserve's rate hike may worsen debt burden and market valuations

More from Monday 14 September →