Huize Holding Ltd

Huize Holding Ltd (HUIZ) priced its initial public offering on Feb 13, 2020 at $10.50 per share, raising $55.1M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $8.22B. CICC was lead-left underwriter. Skadden, Arps, Conyers Dill & Pearman and Commerce & Finance advised the company and Kirkland & Ellis and Zhong Lun advised the underwriters.

Huize Holding Ltd is an independent online insurance product and service platform in China. As a licensed insurance intermediary, it distributes insurance products underwritten by partner insurers, focusing on long-term life and health policies, and earns brokerage fees without bearing underwriting risk.

Status

IPO

Ticker

HUIZ

Exchange

Nasdaq Global Market

Priced

Feb 13, 2020

IPO price

$10.50

Raised

$55.1M

Market cap at IPO price

$8.22B

First filed

Sep 4, 2019

Underwriters

CICC

Company counsel

Skadden, Arps, Conyers Dill & Pearman and Commerce & Finance

Underwriters' counsel

Kirkland & Ellis and Zhong Lun

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.