Finances
Chinese language On-line Insurer Shouhui Weighs Hong Kong IPO in 2024
Shenzhen Shouhui Know-how Group Ltd., a Chinese language on-line insurance coverage platform, is contemplating an preliminary public providing in Hong Kong as quickly as subsequent yr, in response to individuals accustomed to the matter.
China Worldwide Capital Corp. and Huatai Securities Co. are working with the corporate on the itemizing preparations, the individuals stated, asking to not be recognized as the knowledge is personal. The corporate may increase $200 million to $300 million in its first-time share sale, stated one of many individuals, relying in the marketplace situation.
Deliberations are preliminary and particulars of the IPO comparable to measurement and timeline may change, the individuals stated. A consultant for CICC declined to remark, whereas representatives for Huatai and Shouhui Tech didn’t reply to requests for remark.
Based in 2015 in Shenzhen, Shouhui Tech provides full service in insurance coverage from on-line consulting to buying and compensation, in response to its its website. It acquired an web hospital license in 2022 which permits it to supply on-line medical companies. The corporate counts HongShan, Matrix Companions China, Tasly Holding Group Co., and Gopher Asset Administration Co. as traders.
{Photograph}: China Worldwide Capital Corp. (CICC) securities brokerage department in Beijing. Photograph credit score: Giulia Marchi/Bloomberg
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