Ping An’s OneConnect aiming to raise $500 million in IPO – Ledger Insights
- Today, OneConnect the blockchain and AI spin-off from China’s Ping An will launch a U.S. initial public offering (IPO) for about $500 million, according to a Reuters report .
- Last month , the company made a preliminary registration with the SEC for a $100 million IPO.
- Yesterday an updated SEC filing was published showing the maximum amount as $579.6 million, but $504 million ignoring underwriter options.
- Specifically, the company is issuing 36 million American Depositary Shares (ADS) on the New York Stock Exchange (NYSE).
Read full article: ledgerinsights.com