Chinese insurance company Hengguang updated IPO issuance terms: pricing at $4 per share, aiming to raise $25 million
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Chinese insurance distributor Hengguang Holdings updates IPO terms, planning to issue 6.3 million shares at $4 per share, raising $25 million, with a market capitalization of $79 million. The company was established in 2004 and primarily provides sales and distribution services for over 70 insurance companies, expecting to achieve revenue of $37 million in 2024. This IPO will be listed on NASDAQ under the stock code HGIA, with D.Boral Capital as the exclusive bookrunner
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