The Meituan Dianping, Tencent and Swiss Re-backed health insurance marketplace operator priced its offering at the top of its range.
Waterdrop, a China-based digital health insurance marketplace which counts corporates Meituan Dianping, Tencent and Swiss Re as investors, raised $360m in an initial public offering in the United States on Friday.
The company issued 30 million American depositary shares (ADSs) on the New York Stock Exchange last week, each ADS representing 10 ordinary class A shares.
Waterdrop priced the ADSs at $12 each, at the upper end of the $10 to $12 range it had set for the offering,…
