Midvale, Utah-Based Bamboo Insurance is About to Conduct a "Surprise" IPO, Raising up to $700 Million with a Target Valuation of Up To $3.24 Billion

✅ Bamboo itself would receive none of the IPO proceeds. 7 million equity investment. Roughly 23 months later, it sold most of its interest for $848 million in net cash while retaining an indirect interest valued at $250 million. ✅ IPO Boutique, an IPO research service that tracks underwriting syndicate schedules, currently lists 23 September 2026 as the expected first trading date for BMB.