Rhea-AI Summary
Bamboo Insurance (BMB) has launched the roadshow for a proposed initial public offering of 35,000,000 Class A common shares, all to be sold by existing stockholders affiliated with CVC Capital Partners and White Mountains Insurance Group.
The selling stockholders also plan a 30-day option for underwriters to buy up to 5,250,000 additional shares. The expected price range is $18.00 to $20.00 per share. Bamboo Insurance has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “BMB”.
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