Chinese Online Insurer Shouhui Is Said to Consider Hong Kong IPO

Oct. 30, 2023, 5:09 AM UTC

Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter.

China International Capital Corp. and Huatai Securities Co. are working with the company on the listing preparations, the people said, asking not to be identified as the information is private. The company could raise $200 million to $300 million in its first-time share sale, said one of the people, depending on the market condition.

Deliberations are preliminary and details of the IPO such as size and timeline could change, ...

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