Group 1 - The core point of the article is that Hengguang Holdings (HGIA.US), a Chinese insurance distributor, has announced its latest IPO terms, planning to issue 6.3 million shares at a price of $4 per share, aiming to raise $25 million, which would result in a market capitalization of $79 million [1][1][1] Group 2 - Hengguang Holdings is headquartered in Chengdu and initially submitted its IPO application in January 2022, proposing to issue 2.8 million shares to raise $11 million at the same price of $4 per share [1][1][1] - After more than a year without updating its prospectus, the company resubmitted a blank application in March of the previous year [1][1][1] - The company distributes various insurance products, including property and casualty insurance as well as life and health insurance, primarily for over 70 partner insurance companies [1][1][1] - Hengguang Holdings has 45 branches in mainland China and reported revenue of $37 million for the 12 months ending December 31, 2024 [1][1][1] - The IPO is planned to be listed on the NASDAQ under the ticker symbol HGIA, with D.Boral Capital serving as the exclusive bookrunner for the offering [1][1][1]
中国保险公司恒光控股(HGIA.US)更新IPO发行条款：定价4美元/股 拟募资2500万美元