Huize Holding, which operates an online insurance intermediation platform in China, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.
The Shenzhen, China-based company was founded in 2014 and booked $108 million in revenue for the 12 months ended June 30, 2019. It plans to list on the Nasdaq or the NYSE under the symbol HUIZ. Huize Holding filed confidentially on June 6, 2019. Morgan Stanley, Citi, CICC and Tiger Brokers are the joint bookrunners on the deal. No pricing terms were disclosed.
