Express

Chinese Insurance Giant Ping An's Blockchain Subsidiary Looks For IPO To Raise $432 Million

Roland James

Summary: OneConnect Financial Technology, the blockchain and AI subsidiary of Ping An Insurance, has updated their terms for their initial public offering (IPO). According to the updated F-1 filing with the U.S. Securities and Exchange Commission (SEC) the firm looks to raise between $432 million and $504 million via the offering of 36 million American depositary ...

OneConnect Financial Technology, the blockchain and AI subsidiary of Ping An Insurance, has updated their terms for their initial public offering (IPO).

According to the updated F-1 filing with the U.S. Securities and Exchange Commission (SEC) the firm looks to raise between $432 million and $504 million via the offering of 36 million American depositary shares (ADS) at $12 to $14 per share. This is a much bigger than the original figure of $100 million.

By Roland James

Last Update:

Tags: ,,
Link: Chinese Insurance Giant Ping An's Blockchain Subsidiary Looks For IPO To Raise $432 Million   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 11 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago
  • You need to login to comment.