ZhongAn prices HK IPO at top of range, raises $1.5b with SoftBank backing

ZhongAn prices HK IPO at top of range, raises $1.5b with SoftBank backing

People visit a booth of Zhongan during an exhibition in Hangzhou, Zhejiang province, October 14, 2015. REUTERS/Stringer/Files

ZhongAn Online Property & Casualty Insurance Co Ltd priced its initial public offering (IPO) at the top of its marketing range, raising $1.5 billion in Hong Kong’s biggest financial technology listing, IFR reported on Friday, citing people close to the deal.

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