Case Study: ZhongAn Online P&C Insurance streamlines its mega IPO with Tricor Group

Integrated investor services and corporate services provider

ZhongAn Online P & C Insurance Co., Ltd. (ZA Online) is China’s first and only internet insurance license holder, and it faced the challenge of managing a massive Hong Kong IPO that drew more than 120,000 applications and was over 390 times oversubscribed. Tricor Group supported the listing with investor services and corporate services, including IPO share registry, annual compliance, and company secretary services.

Tricor Group delivered an integrated one-stop solution covering IPO planning, timetable and logistics support, share registration, compliance with Listing Rules and other regulatory requirements, and ongoing corporate governance support. The result was a streamlined IPO process and highly efficient handling of the mega-sized offering, including processing over 6,800 physical application forms in 6 hours and completing three rounds of checking and amendments within 9 hours, helping ZA Online raise US$1.5 billion.

ZhongAn Online P & C Insurance Co.

Yongbo Zhang

Vice General Manager / Compliance Director & Chief Legal Officer / Joint Company Secretary