Bamboo Insurance postpones IPO amid volatile US listing market
Bamboo Insurance Services has postponed its planned initial public offering as volatility continues across the US IPO market, according to people familiar with the matter.
The Midvale, Utah-based home insurer cited market conditions when deciding to delay the listing, the people said, asking not to be identified because the information isn’t public. Bamboo could return to the IPO market at a later date, according to the people.
Representatives for Bamboo and private equity owner CVC Capital Partners didn’t immediately respond to requests for comment.
Bamboo was founded in 2018 and received a $1.75 bn valuation last year when funds advised by CVC acquired a controlling stake from White Mountains Insurance Group Ltd. The transaction placed the home insurance company under CVC’s control ahead of its planned public-market debut.
Its postponement follows another delayed US listing in recent days. Holtec Nuclear Corp. also postponed its IPO and cited market conditions for the decision.
US IPO activity has recovered sharply in 2026 compared with recent years. Companies have raised $161.4 bn through listings this year, excluding blank-check companies and other financial vehicles, according to Bloomberg data. The total represents the highest annual volume since 2021.
Investor returns from those deals have been less consistent. Shares of five of the 10 largest IPOs completed this year currently trade below their respective offering prices.
Across 2026 offerings, the weighted average return stands at about 13%. The S&P 500 Index has gained roughly 15% over the same period, leaving the broader equity benchmark ahead of the year’s IPO cohort.
Recent insurance listings have also faced pressure after reaching public markets. Orion180 Insurance Group Inc., a specialty homeowners and flood insurer, raised $240 mn in an IPO last week but continues to trade below its listing price.
Bamboo’s offering had been moving toward a New York Stock Exchange listing before the postponement. JPMorgan Chase & Co. and Morgan Stanley were leading the deal, while Bamboo’s shares were expected to trade under the ticker BMB.
The timing leaves Bamboo waiting for a stronger opening in a market where issuance volume has increased but post-IPO trading remains uneven. Its eventual return to the listing process would depend on market conditions and the company’s decision to restart the offering.
