Chinese insurance firm Hengguang Holding sets new terms for $25 million US IPO
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Hengguang Holding, a Chinese insurance firm, has announced new terms for its upcoming $25 million IPO, planning to offer 6.3 million shares at $4 each. This would give the company a market cap of $79 million. Originally filed in January 2022, the firm aims to list on Nasdaq under the symbol HGIA. Hengguang distributes various insurance products and reported $37 million in revenue for the year ending December 31, 2024. D. Boral Capital is the sole bookrunner for the IPO.
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