Waterdrop Inc. Announces Pricing of Initial Public Offering
Waterdrop Inc. has announced its initial public offering (IPO) of 30 million American depositary shares (ADSs) at a price of $12.00 per ADS. The IPO aims to generate approximately $360 million in gross proceeds, which could increase to $414 million if underwriters exercise their over-allotment option. The shares are set to commence trading on the New York Stock Exchange under the symbol 'WDH' on May 7, 2021, with the offering expected to close on May 11, 2021.
- IPO of 30 million ADSs at $12.00 each aims for $360 million in proceeds, potentially $414 million with over-allotment.
- Increased capital could support growth in insurance and healthcare technology services.
- Potential shareholder dilution if over-allotment option is exercised.
BEIJING, May 7, 2021 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare services with a positive social impact, today announced the pricing of its initial public offering ("IPO") of 30,000,000 American depositary shares ("ADSs"), each representing 10 Class A ordinary shares of the Company, at a price of US
The ADSs are expected to begin trading on the New York Stock Exchange on May 7, 2021, under the trading symbol "WDH." The offering is expected to close on May 11, 2021, subject to customary closing conditions.
Goldman Sachs (Asia) LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc. are acting as the representatives of the underwriters.
The offering of the securities is being made only by means of a prospectus forming a part of the effective registration statement. When available, copies of the final prospectus related to this offering may be obtained from any of the following sources:
- Goldman Sachs (Asia) LLC: 68th Floor, Cheung Kong Center, 2 Queen's Road, Central, Hong Kong.
- Morgan Stanley & Co. LLC: 1585 Broadway, New York, New York 10036, U.S.A.
- BofA Securities, Inc: One Bryant Park, New York, NY 10036, United States.
A registration statement on Form F-1 related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Waterdrop Inc.
Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare services with a positive social impact. Founded in 2016, Waterdrop has built an online insurance marketplace and medical crowdfunding platform and is expanding into providing healthcare and pharmaceutical services. For more information, please visit www.waterdrop-inc.com.
For investor enquiries, please contact:
Xiaojiao CUI
Waterdrop Investor Relations
+86 10 5625-6717
IR@shuidi-inc.com
For media enquiries, please contact:
Ran TAO
Waterdrop Media
+86 10 5625-6717
taoran@shuidi-inc.com
Yue YU / Xiaoni CHEN
Brunswick Group
+86 10 5960-8600
WaterdropMedia@brunswickgroup.com
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SOURCE Waterdrop Inc.
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