HGIA News

Hengguang Holding, which distributes property & casualty and life & health insurance products in China, lowered the proposed deal size for its upcoming IPO on Tuesday. The Chengdu, China-based company now plans to raise $11 million by offering 2.8 million shares at $4. The company had previously filed to offer 4 million shares at the same price. It originally planned to...read more

Hengguang Holding, which distributes property & casualty and life & health insurance products in China, lowered the proposed deal size for its upcoming IPO on Wednesday. The Chengdu, China-based company now plans to raise $16 million by offering 4 million shares at $4. The company had previously filed to offer 4.4 million shares at a range of $4 to $5. At the revised terms,...read more

Hengguang Holding, which distributes property & casualty and life & health insurance products in China, announced terms for its IPO on Wednesday. The Chengdu, China-based company plans to raise $20 million by offering 4.4 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Hengguang Holding would command a market cap of $65 million. Heng...read more

US markets have been virtually closed to Chinese issuers for several months, but that hasn’t stopped small-cap IPO hopefuls from filing.

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