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Waterdrop Priced, NYSE: WDH

Operates a health insurance distribution and crowd-funding platform in China.

Industry: Financials

Latest Trade: $9.90 -2.10 (-17.5%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: Financials

We are a leading technology platform dedicated to insurance and healthcare service with a positive social impact. We are the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, or FYP, distributed in 2020, according to iResearch. Through our medical crowdfunding, mutual aid platforms, and our insurance marketplace, we have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. According to iResearch report, in 2019, the total healthcare service expenditures in China reached RMB7.0 trillion, among which RMB4.7 trillion was not covered by the social medical insurance, commercial insurance, or other supplemental medical protection. With Waterdrop being a trusted brand in China, we are well positioned to capture this market opportunity for insurance and healthcare service. According to a public survey conducted by iResearch, our insurance marketplace and medical crowdfunding platforms rank No. 1 in terms of brand awareness among independent third-party insurance distribution platforms and medical crowdfunding platforms respectively.
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IPO News for Waterdrop
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IPO Data
IPO File Date 04/16/2021
Offer Price $12.00
Price Range $10.00 - $12.00
Offer Shares (mm) 30.0
Deal Size ($mm) $360
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/06/2021
Offer Price $12.00
Price Range $10.00 - $12.00
Offer Shares (mm) 30.0
Deal Size ($mm) $360
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2016
Employees 4,291
Website www.shuidichou.com