But lack of progress on the matter prompted Zhong An to opt for Hong Kong, though it would prefer to list in mainland China, one of the people said. China's first purely online insurer, Zhong An Online Property and Casualty Insurance, is aiming to raise at least $1bn in a Hong Kong initial public offering (IPO) in the second half of the year, according to a source with knowledge of the matter. The IPO will be held on June 11, but it could take place as early as next week,
China's first purely online insurer, Zhong An Online Property and Casualty Insurance, is aiming to raise at least $1bn in a Hong Kong initial public offering (IPO) in the second half of the year, according to a source with knowledge of the matter. The IPO will be held on June 11, but it could take place as early as next week,