Shenzhen Shouhui Technology Group Ltd (SSTG), the Chinese online insurance platform, is reportedly considering an initial public offering (IPO) in Hong Kong as early as next year. The company, established in 2015, provides comprehensive insurance services and has been offering online medical services since it obtained an internet hospital license last year.
Working in collaboration with China International Capital Corporation (CICC) and Huatai Securities, SSTG is developing undisclosed plans for the IPO. The fundraising goal is estimated between $200 million to $300 million, although this is subject to market dynamics. The specifics of the IPO, including its size and timeline, are still under preliminary discussion and may be subject to changes.
Representatives from SSTG, CICC, and Huatai Securities have remained tight-lipped about these confidential plans. The company's investors include HongShan, Matrix Partners China, Tasly Holding Group Co., and Gopher Asset Management Co.
The IPO news comes amidst a backdrop of continued growth for SSTG, which has expanded its offerings from online consulting to purchasing and compensation following its acquisition of an internet hospital license.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.