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Insurance Agency Company HENGGUANG HOLDING Files for $20 Million US IPO

Esther Thin

Hengguang Holding Co Ltd, an insurance agency company, has filed Form F-1 Registration Statement on January 18, 2022 with the U.S. Securities and Exchange Commission to raise up to $20 million IPO. Pricing terms are yet to announce.

The company distributes a variety of insurance products, which are categorized into two major groups which are property and casualty insurance, such as automobile insurance, commercial property insurance, casualty and accident insurance, construction and engineering insurance, and liability insurance and life and health insurance.

The Chengdu, China-based company was founded in 2004 and booked $20 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq Capital Market under the symbol “HGIA.” Network 1 Financial Securities is the underwriter of the IPO.

The company engages Sichenzia Ross Ference LLP as US Securities Counsel, and KCCW Accountancy Corp as Independent Auditor.

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