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Chinese insurtech giant Zhong An turns its back on a US IPO





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Chinese fintechs may be among the world’s largest and most well funded, but it appears some are not yet confident they would see success outside of their home market, as evidenced by Chinese online insurer ZhongAn abandoning its plans to pursue an initial public offering (IPO) in either the US or Hong Kong.

Instead, the insurtech will look to IPO in mainland China, according to unnamed sources close to the matter, Bloomberg reports. Back in <a target="_blank" read more >>>

Source:: BusinessInsider.Com

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