Chinese insurtech firm Waterdrop said to raise $360m in New York IPO

Chinese insurtech firm Waterdrop said to raise $360m in New York IPO

New York Stock Exchange. Photo: Aditya Vyas/Unsplash

Chinese online insurance technology firm Waterdrop Inc has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter.