Home > All insights > Insurance and Healthcare Service Platform Provider WATERDROP Files for $100 Million US IPO
Daily Market Update
Insurance and Healthcare Service Platform Provider WATERDROP Files for $100 Million US IPO
2021-04-20

Esther Thin

Waterdrop Inc, an insurance and healthcare service platform provider, has filed Form F-1 Registration Statement on April 16, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company is the largest independent third-party insurance platform in China in terms of life and health insurance FYP distributed in 2020. They have built a massive social network of protection and support for people, raising awareness of insurance, and ultimately providing insurance and healthcare service to consumers in China.

The Beijing, China-based company was founded in 2016 and booked $464 million in revenue for the 12 months ended December 31, 2020. It plans to list on the NYSE under the symbol “WDH.” Goldman Sachs (Asia), Morgan Stanley, BofA Securities, ABC International Securities, China Merchants Securities, China Renaissance, CITIC CLSA and Haitong International are underwriters of the IPO.

The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and Deloitte Touche Tohmatsu Certified Public Accountants LLP as Independent Auditor.

#ipo #NYSE #insurance #healthcare #platform #waterdrop

 

 

 

Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,

namely NYSE, Nasdaq and OTC Markets.

Should you interested to list your company in US Stock Market,

please contact us at [email protected]

Back
FOLLOW US