Ping An One Account cuts U.S. IPO size

According to the news from Tencent Securities, according to the revised regulatory documents, Ping An One Account may raise US $ 260 million in this initial public offering, which is lower than the originally planned US $ 504 million. The company is issuing 26 million ADS at a price of US $ 9-10 per ADS. The original plan was to issue 36 million ADS at US $ 12-14. Each ADS represents three ordinary shares. Babbitt Note: One account is integrated from the three major businesses of Ping An One Account, Qianhai Credit, and Bank One Account, and based on core technologies such as artificial intelligence, blockchain, cloud platform, and biometrics, intelligent Bank cloud, smart insurance cloud, smart investment cloud and open platform.