Zhibao Technology Inc To Start Trading Tomorrow
Portfolio Pulse from Benzinga Insights
Zhibao Technology Inc (NASDAQ:ZBAO) is set to begin trading on NASDAQ on April 2, with its IPO priced between $4.00 and $6.00 per share. The company, incorporated in the Cayman Islands, operates mainly through its PRC subsidiaries, including Zhibao China and Sunshine Insurance Brokers. An insider lock-up period is set for 180 days, ending on September 29, 2024.
April 01, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Zhibao Technology Inc's IPO is set for April 2 on NASDAQ, with shares priced between $4.00 and $6.00. The company operates in the insurance brokerage sector in China.
The IPO of Zhibao Technology Inc represents a significant milestone for the company, allowing it to raise capital for expansion and operations. The pricing of shares between $4.00 and $6.00 indicates a moderate valuation, which could attract investors interested in the Chinese insurance brokerage sector. The insider lock-up period of 180 days may also reassure investors about the stability of the stock post-IPO.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100