Huize Holding Limited Announces Partial Exercise of Over-Allotment Option in Initial Public Offering

2020 MAR 25 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- Huize Holding Limited (“Huize” or the “Company”, NASDAQ: HUIZ), a leading independent online insurance product and service platform in China, announced that the underwriters of the Company’s initial public offering (the “IPO”) have exercised in part their over-allotment option to purchase an additional 72,453 American Depositary Shares (“ADSs”) of the Company at the IPO price of US$10.50 per ADS. Each one (1) ADS represents twenty (20) Class A Common Shares of the Company.

After giving effect to the exercise of the over-allotment option, Huize has issued and sold a total of 5,322,453 ADSs in the IPO, for total gross proceeds of approximately US$55.9 million.

Citigroup Global Markets Inc., China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited and Valuable Capital Limited are acting as underwriters for the offering.

A registration statement related to the Company’s IPO has been filed with the U.S. Securities and Exchange Commission (the “SEC”), and was declared effective on February 11, 2020. The offering is made only by means of a prospectus forming a part of the effective registration statement. the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc.at +1-800-831-9146, or China International Capital Corporation Hong Kong Securities Limited at +852-2872-2000.

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