SoftBank Considers $500M Investment in ZhongAn IPO

SoftBank Vision Fund is considering a $500 million investment in the Hong Kong IPO of ZhongAn Insurance, Thomson Reuters’ publication IFR cited people close to the deal; the fund is likely to be a cornerstone investor in ZhongAn’s up to $1.5 billion IPO, which is expected to launch as early as Sept. 18; SoftBank and ZhongAn declined to comment when contacted by Reuters. Source


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