ZBAO News

Three IPOs priced in the first week of April, led by a sizable biotech. The calendar should see more activity coming up, thanks to some large launches and notable new filings. Neuro and inflammation biotech Contineum Therapeutics (CTNM) priced a downsized share offering at the low end to raise $110 million at a $429 million market cap. The company's lead asset is...read more

Zhibao Technology, a digital insurance brokerage in China, raised $6 million by offering 1.5 million shares at $4, the low end of the range of $4 to $6. The company offered 0.3 million more shares than anticipated. The IPO float is just 4.7% of basic shares outstanding. Operating through Zhibao China Group, the company provides digital insurance brokerage services in China using a...read more

Zhibao Technology, a digital insurance brokerage in China, announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $6 million by offering 1.2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Zhibao Technology would command a market value of $157 million. The IPO float is just 3.8% of basic shares outstanding. ...read more

Zhibao Technology, a digital insurance brokerage in China, filed on Friday with the SEC to raise up to $9 million in an initial public offering. Operating through Zhibao China Group, the company provides digital insurance brokerage services in China using a to-business-to-customer (2B2C) digital embedded insurance model. 2B2C digital embedded insurance refers to a...read more