CVC-backed Bamboo Insurance postpones planned US IPO
CVC Capital Partners-backed home insurer Bamboo Insurance has postponed its planned US initial public offering, according to a report by Bloomberg citing unnamed people familiar with the matter, in a setback for the PE firm’s potential exit from the business.
Home insurance firm Bamboo Insurance, backed by CVC Capital Partners, has delayed its planned U.S. initial public offering, according to Bloomberg. The postponement is attributed to current market conditions, according to unnamed sources familiar with the matter. The IPO could potentially be revived in the future, though no new timeline has been set.
CVC and Bamboo have not commented on the decision at this time. The listing, which would have taken place on the New York Stock Exchange under the symbol BMB, was intended to be valued at around $700 million, according to previous reports. JPMorgan and Morgan Stanley were set to serve as lead underwriters for the offering. Bamboo was established in 2018 and was valued at about $1.75 billion last year following a CVC-led acquisition of a controlling stake from White Mountains Insurance Group.
The delay in the IPO comes despite a robust year for U.S. IPO activity, with companies raising $161.4 billion through listings so far in 2026, excluding blank-check companies and other financial entities. However, aftermarket performance has been inconsistent, with five of the 10 largest U.S. IPOs in 2026 trading below their offer prices.
The insurance sector has also shown mixed signals for potential issuers, with specialty homeowners and flood insurer Orion180 raising $240 million in its IPO last week, but its shares trading below the listing price.
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