Waterdrop $400 million NYSE IPO

Overview:

• Beijing-headquartered Waterdrop has undertaken a $400 million IPO on the New York Stock Exchange (NYSE).
• The company will issue 30 million American depositary shares (ADS) at an issue price of $12 per share.
• Established in 2016, Waterdrop provides health insurance solutions and helps disadvantaged groups build personal health insurance systems. 

Annie Wang - Research analyst