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TRX Insurance Brokers Priced, Nasdaq: TIRX

Chinese insurance brokerage with a network of 40 insurers.

Industry: Financials

First Day Return: +537.5%

We are an insurance broker operating in China. We distribute a wide range of insurance products, which are categorized into two major groups: property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and life insurance, such as individual and group life insurances. We act on behalf of our customers seeking insurance coverage from insurance companies and take pride in our premium customer service. As an insurance broker, we do not assume underwriting risks. Instead, we distribute insurance products underwritten by insurance companies operating in China to our individual or institutional customers. We are compensated for our services by commissions paid by insurance companies, typically based on a percentage of the premium paid by the insured. Commission and fee rates generally depend on the type of insurance products, the particular insurance company and the region in which the products are sold. As of the date of this prospectus, we have relationships with over 40 insurance companies in the PRC, and therefore are able to offer a variety of insurance products to our customers.

TRX Insurance Brokers (TIRX) Performance

Created with Highcharts 10.3.2Chart context menuTIRX vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '250%-100%-50%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index