Zhitong Finance App learned that with only a few hours left until the original pricing, California and Texas Homeowners Insurance Underwriting Management General Agent (MGU) Bamboo Insurance Services suddenly postponed its US$665 million IPO. According to people familiar with the matter, the company attributed the reason to “market conditions,” and the listing may restart in the future.

Zhitong Finance App learned that with only a few hours left until the original pricing, California and Texas Homeowners Insurance Underwriting Management General Agent (MGU) Bamboo Insurance Services suddenly postponed its US$665 million IPO. According to people familiar with the matter, the company attributed the reason to “market conditions,” and the listing may restart in the future.