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

Tiger Newspress
Yesterday

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

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10