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CICC Assists Huize in US IPO on NASDAQ

CICC Assists Huize in US IPO on NASDAQ 中金公司CICC
2020-02-14
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导读:CICC Assists Huize in US IPO on NASDAQ





On February 12th, 2020, Huize Holding Limited (the “Huize” or “Company”, HUIZ.NASDAQ) was successfully listed on Nasdaq. The Pre-greenshoe/Post-greenshoe offering size was US$ 55.13mm and US$ 63.39mm, respectively. CICC acted as the Joint Bookrunner.



This is the first Chinese InsurTech US IPO and also the first Chinese licensed financial institution US IPO within 10 years. This deal overcame the unfavorable impact of Novel Coronavirus Pneumonia on global market, and was still welcomed and over-subscribed by high-quality global investors. 


     Huize Holding Limited
 

Huize Holding Limited is a leading independent online insurance product and service platform in China. Aiming at becoming the portal of China’s insurance products and leveraging with the Internet and technology, Huize provides insurance clients with one-stop service including suitable product recommendations, consulting service, intelligent underwriting and assistance in claim application and settlement. Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products. Huize has cumulatively served approximately 6.0 million insurance clients and 50.0 million insured and is the largest independent online long-term life and health insurance product and service platform in China. Huize is dedicated in providing client family with insurance service in the dimension of entire life cycle and full risk protection. 



CICC conducted feasibility study of listing plan and structure for the Company. Leveraging the deep understanding of the industry and the Company, CICC has fully concluded the Company's investment highlights and competed high-quality filing and review process. 


During marketing stage, through arranging several rounds of high-quality investor meetings and providing independent and objective professional analysis delivered by research analyst, CICC brought in several top long-only investors. In the launching stage, CICC assisted the Company in overcoming global market volatility and execution difficulties brought by Novel Coronavirus Pneumonia and innovatively launched the roadshow and competed the listing, which made a significant contribution to the success of the IPO and was highly recognized by the Company's management.


As a leading investment bank with “Chinese Roots, International Reach,” CICC will continue to utilize its capital market expertise as well as its seamless cooperation of onshore and offshore businesses to provide continuous support for our customers in terms of introduction of global investors, reaching international capital market, and promoting global business development.


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中金公司CICC
中国国际金融股份有限公司(中金公司)成立于1995年,致力于为多元化的客户群体提供高质量金融增值服务,建立了以研究和信息技术为基础,投资银行、股票业务、固定收益、资产管理、私募股权和财富管理全方位发展的均衡业务结构。
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中金公司CICC 中国国际金融股份有限公司(中金公司)成立于1995年,致力于为多元化的客户群体提供高质量金融增值服务,建立了以研究和信息技术为基础,投资银行、股票业务、固定收益、资产管理、私募股权和财富管理全方位发展的均衡业务结构。
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