SoftBank-backed OneConnect Financial Technology, the fintech arm of China’s largest insurance company Ping An Insurance, filed a prospectus on Wednesday for an IPO with the SEC after a failed Hong Kong listing. The company is reportedly looking to raise $100m.
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Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push
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According to the 2018 annual report, OneConnect has worked for more than 200 Chinese banks, 200,000 enterprises and 500 government and commercial institutions.
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