08-09-2017 12:43 via insuranceinsider.com

ZhongAn cleared for $1bn+ Hong Kong IPO: Reuters

China's first internet-only P&C insurer, ZhongAn Online
P&C Insurance, has reportedly secured Hong Kong Stock Exchange
approval for an IPO.
Reuters reported that sources had indicated the IPO could raise
more than $1bn. The company plans to start testing investor
appetite for the listing as early as Monday (11 September), with 18
September slated as the launch date, the newswire added.
If the IPO takes off as planned it would be the largest by a
fintech company in Hong Kong....
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