Insurance Platform Waterdrop to Seek USD 500 Mn New York IPO in 1Q 2021

Financials Oct 19, 2020 01:50 PM (GMT+8) · EqualOcean

According to industry sources, Chinese Internet insurance platform Waterdrop has launched pre-IPO talks with Goldman Sachs and Bank of America, planning to raise around USD 500 million in the first quarter of 2021. In August 2020, Waterdrop raised USD 230 million in the Series D that saw participation from Tencent Holdings (00700:HK), IDG Capital and Swiss RE Group (SREN:SW).

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