SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

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 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $ 53.70 to HKD $ 59.70 per share. If calculated based on the… Read More
Fundings & Exits – TechCrunch

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