OneConnect, the financial technology arm of China’s biggest insurance company, has cut its expected valuation by about half before a planned stock market debut in the US, in another blow for Softbank’s giant Vision Fund.
The company, part of Shenzhen-based Ping An, said in a stock exchange filing on Thursday that at the top end of an indicated range it would seek to raise $299m at a valuation of $3.6bn.
OneConnect, which sells technology platforms to financial companies, raised $650m at a $7.5bn valuation last year, according to filings by Ping An. Bankers at one time thought OneConnect could raise as much as $2bn in a public listing that was initially earmarked to take place in Hong Kong, but is now set for New York.
您已閱讀27%（730字），剩余73%（1971字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。