IFLR1000

Waterdrop $400 million NYSE IPO

7/5/2021
IPO
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$ 400 million

Completed

7/5/2021

Overview:

  • Beijing-headquartered Waterdrop has undertaken a $400 million IPO on the New York Stock Exchange (NYSE).
  • The company will issue 30 million American depositary shares (ADS) at an issue price of $12 per share.
  • Established in 2016, Waterdrop provides health insurance solutions and helps disadvantaged groups build personal health insurance systems. 

Annie Wang - Research analyst

Jurisdictions:

United States
China

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

United States

Industry sectors:

Healthcare
Insurance
Technology and telecommunications

Firms:
Davis Polk & Wardwell

Party: Goldman Sachs (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: BofA Securities (Underwriter)

Lawyer: Li He

Han Kun Law Offices

Party: Waterdrop (Issuer)

JunHe

Party: Morgan Stanley (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: BofA Securities (Underwriter)

Lawyers: Liang (Teresa) Deng, Xiaojia Sun

Skadden Arps Slate Meagher & Flom

Party: Waterdrop (Issuer)

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