Chinese insurtech firm Waterdrop said to raise $360m in New York IPO

Chinese insurtech firm Waterdrop said to raise $360m in New York IPO

New York Stock Exchange. Photo: Aditya Vyas/Unsplash

Chinese online insurance technology firm Waterdrop Inc has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter