Asia Pacific, Deal Makers, Financial, Global Banking, Global Investment, News, Private Equity, Technology, Wealth Management

ZhongAn Online Plans IPO at $11 Billion Valuation in Hong Kong

ZhongAn Online Plans IPO at $11 Billion Valuation in Hong Kong

ZhongAn Online Property and Casualty Insurance is planning an IPO that is valuing the company at $11 billion.  The IPO will raise an estimated $1.5 billion, valuing the company between $9.9 billion to $11 billion.

” ZhongAn Online plans IPO at $11 Billion Valuation in HK “

It is China’s first internet-only insurer, and is backed by Jack Ma’s Ant Financial with a 16% stake.  Ping An Insurance and Tencent hold 12% stake each.  JPMorgan Chase & Co., Credit Suisse Group AG, UBS Group AG and CMB International Capital Ltd. are joint sponsors of the offering.

Source: Reuters, Bloomberg

Video:

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

 

Previous ArticleNext Article