ZhongAn’s $1.5 Billion IPO
September 20, 2017
Cleary Gottlieb is advising JP Morgan Securities (Far East) Ltd., Credit Suisse (Hong Kong) Ltd., UBS Securities Hong Kong Ltd. and CMB International Capital Ltd. as joint sponsors and joint global coordinators of the $1.5 billion initial public offering by ZhongAn Online Property and Casualty Insurance Co. Ltd.
The listing is expected to be one of the year’s largest technology offerings in Hong Kong.
ZhongAn is China’s first online-only insurance provider, founded in 2013 by Alibaba Executive Chairman Jack Ma, Tencent Chairman Pony Ma and Ping An Insurance Group Co of China Ltd. Chairman Ma Mingzhe.