Chinese insurance broker Yuanbao targets $676m valuation in US IPO amid trade tensions

Chinese insurance broker Yuanbao targets $676m valuation in US IPO amid trade tensions

A man walks outside the New York Stock Exchange (NYSE) building on Tuesday following Monday’s broad sell off in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton

Chinese insurance broker Yuanbao said on Thursday that it was targeting a valuation of up to $676.3 million in its U.S. initial public offering, amid economic uncertainty and a slowdown in IPO listings following the announcement of new U.S. tariffs.

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