Founded as a partnership between insurer Ping An and internet giants Alibaba and Tencent in 2013, China's first online-only insurer is looking to list on the domestic market in 2016.
Zhong An raised over $900m in 2015 from investors including Morgan Stanley, CICC and CDH Investments and is seeking to capitalize on the booming Chinese financial services market with its IPO.
Chinese Internet insurer Zhong An Online Property and Casualty Insurance plans an up-to-$2 billion initial public offering in mainland China in 2016, IFR reported on Friday, citing people close to the deal. At $2 billion, the deal would be the largest-ever technology-related listing in mainland China and the biggest IPO since brokerage Guotai Junan Securities Co raised $4.8 billion last June, Thomson Reuters data showed.
http://www.reuters.com/article/us-china-zhongan-ipo-idUSKCN0VS08U
