Shanghai, China, May 15, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (Nasdaq: ZBAO) (“Zhibao” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that it issued an additional 23,765 Class A ordinary shares of the Company pursuant to the partial exercise of the underwriters' over-allotment option in connection with the Company's initial public offering at $4.00 per share, resulting in additional gross proceeds of $95,060.
Three IPOs priced in the first week of April, led by a sizable biotech. Two sizable listings are currently scheduled for the week ahead, although smaller issuers may join the calendar throughout the week.
Shanghai, China, April 03, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (Nasdaq: “ZBAO” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced the closing of its initial public offering ("Offering”) of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per Class A ordinary share for aggregate gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 Class A ordinary shares to cover the over-allotment at the public offering price, less underwriting discounts and commissions. The Class A ordinary shares began trading on the Nasdaq Capital Market on April 2, 2024 under the symbol "ZBAO."
Shanghai, April 01, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (“ZBAO” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, announced today the pricing of its initial public offering (the “Offering”) of 1,500,000 Class A ordinary shares at a price of $4.00 per share to the public for a total of $6,000,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses.
Zhibao Technology Inc. files for a $9.2 million IPO to raise capital for its digital insurance brokerage services in China. The company has shown strong revenue growth but at a decelerating rate. The Chinese market for embedded insurance is expected to reach $270 billion by 2030, presenting a significant opportunity for Zhibao Technology.