A logo of Ping An Insurance is seen outside its building in Shenzhen on February 5, 2013. Photo: Reuters

Ping An’s OneConnect unit cuts the fundraising size in its New York initial public offering by almost half to US$260 million

  • The company, one of several Ping An Insurance (Group) businesses backed by SoftBank Group, said in a filing Wednesday that it was reducing both the size of the share sale as well as the targeted price range
  • Instead of raising as much as US$504 million, the listing is now targeting as much as US$260 million.
Topic |   IPO

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A logo of Ping An Insurance is seen outside its building in Shenzhen on February 5, 2013. Photo: Reuters
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