Zhitong Finance App learned that Bamboo Insurance Services (MGU), a home insurance management general underwriter (MGU) headquartered in Midvale, Utah, USA, disclosed in a document on Monday that the company's initial public offering (IPO) target valuation in the US is as high as US$3.13 billion. Its shareholders plan to issue 35 million shares at a price of $18 to $20 per share, raising up to $700 million. The company plans to list on the New York Stock Exchange under the ticker symbol “BMB.” J.P. Morgan Chase and Morgan Stanley acted as co-lead underwriters, and Deutsche Bank Securities, Evercore ISI, and Wells Fargo Securities acted as joint bookkeepers.

Zhitong Finance App learned that Bamboo Insurance Services (MGU), a home insurance management general underwriter (MGU) headquartered in Midvale, Utah, USA, disclosed in a document on Monday that the company's initial public offering (IPO) target valuation in the US is as high as US$3.13 billion. Its shareholders plan to issue 35 million shares at a price of $18 to $20 per share, raising up to $700 million. The company plans to list on the New York Stock Exchange under the ticker symbol “BMB.” J.P. Morgan Chase and Morgan Stanley acted as co-lead underwriters, and Deutsche Bank Securities, Evercore ISI, and Wells Fargo Securities acted as joint bookkeepers.