Huize Soars on Earnings and Powers FinTech IPO Index by 22.5%

Market Performance - The FinTech IPO Index experienced a significant surge of 22.5% over five trading days, now standing more than 68% higher year to date [1][2]. Company Highlights - Huize Holding's stock increased by over 461% following its earnings report, with gross written premiums reaching a record high of RMB2,060.7 million ($293.6 million) in Q3 2024, compared to RMB1,245.1 million in Q3 2023 [3]. - First-year premiums for Huize more than doubled year over year to RMB1,354.4 million in Q3 2024 [3]. - Huize also surpassed the 10 million client milestone, with renewal premiums accounting for over 34% of gross written premiums, reflecting a 17.6% year-over-year increase [4]. - Operating revenues for Huize surged by 26.4% year-over-year to RMB369.7 million [4]. Other Company Developments - Open Lending's stock rose by 6.5% after announcing the certification of its 1 millionth auto loan through its Lenders Protection loan decisioning engine [5]. - BILL shares fell by over 6% as the company introduced a 1099 form filing solution for small to medium-sized businesses [5]. - nCino's stock decreased by nearly 2% after announcing a partnership with Habib Bank Zurich plc to enhance its Buy-to-Let Lending business in the UK [6]. - Robinhood reported a growth in funded customers to 24.8 million, an increase of approximately 420,000 from October, and assets under custody rose to $195 billion, up 22% from October and 106% year-over-year [7]. - MoneyLion shares increased by 0.2% following Gen Digital's agreement to acquire the financial wellness platform for $1 billion [8]. - MoneyLion launched MoneyLion Checkout, a marketplace for consumers to search and apply for various financial products [9]. Stock Performance Overview - The percentage return on stocks since their IPO shows significant variances, with Futu Holdings at 460.6% and other companies like SoFi and Toast experiencing declines of -34.3% and -38.6% respectively [10].