ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

ZhongAn jumps in Hong Kong debut after $1.5bn IPO

Yaping Ou, left, chairman of the board and Executive Director for ZhongAn Online P & C Insurance rings a ceremonial gong to mark the company's debut on the Hong Kong Stock Exchange in Hong Kong on 28.Sep. (Photo by Shinya Sawai)

HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma.

The strong demand seen for ZhongAn shares and their high valuations would likely encourage more financial technology companies to sell their shares in Hong Kong, analysts said.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more