Chinese Insurance Broker Yuanbao Stock Spikes 81% on Its First Day of Trading

Tiger Newspress

04-30

Chinese insurance broker Yuanbao shares spiked 81% on its first day of trading.

Underwritten by Tiger Brokers, all clients who subscribed through the platform secured allocations once again.

Yuanbao is an online insurance distributor in China that analyzes data to provide customizable insurance plans to its customers. The company said its full-year revenue rose to 3.28 billion Chinese yuan ($450 million) in 2024, up from 2.05 billion Chinese yuan a year earlier.

This IPO is also taking place amid an intensifying trade war between the world's two largest economies, further extending uncertainty.

However, the Yuanbao listing comes after the stellar Nasdaq debut of Chinese tea chain Chagee earlier this month.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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