IPOsBy The Online Investor Staff, updated Sat., May. 8, 7:16 AM
|This Slide: #4 of 15|
Slide #4. Waterdrop Inc. — Initial Public Offering
Price Per Share:
Waterdrop Inc. ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare services with a positive social impact, today announced the pricing of its initial public offering ("IPO") of 30,000,000 American depositary shares ("ADSs"), each representing 10 Class A ordinary shares of the Company, at a price of US$12.0 per ADS. In addition, Waterdrop has granted the underwriters a 30-day option to purchase up to an aggregate of 4,500,000 additional ADSs to cover over-allotment. The total gross proceeds of the offering are expected to be approximately US$360.0 million if the underwriters do not exercise their over-allotment option, and approximately US$414.0 million if the underwriters choose to exercise their over-allotment option in full. The ADSs are expected to begin trading on the New York Stock Exchange on May 7, 2021, under the trading symbol "WDH." The offering is expected to close on May 11, 2021, subject to customary closing conditions.