The Chinese insurance giant Ping An, a fintech and blockchain solutions company, is planning a public offering (IPO) on the US Stock Exchange.
As part of its financial technology strategy, Ping An, a Shenzhen-based division of OneConnect Financial Technology, is developing solutions using artificial intelligence (AI), big data, and blockchain.
In addition, OneConnect services the closed FiMAX blockchain launched by the Hong Kong Monetary Authority (HKMA) to create the eTradeConnect trade finance platform.
In an IPO application, OneConnect reported that for 2019 the company’s revenue was $ 218 million and losses were $ 147 million. If the IPO application is approved, the company’s shares will be traded under the OCFT ticker.
Recently, another Chinese mining equipment company, Canaan Creative, has received IPO approval on the Nasdaq US stock exchange. Placement will take place on November 20.
Related posts:
GitHub Libra Code draws criticism from users 
Tipping on Reddit and Vimeo in BAT introduced by Brave 
Newcomers to the crypto market have to pay attention to scams and pump and dumps 
Hardly any growth in downloaded crypto apps, despite tripling price bitcoin 
Bloomberg accepts Bitcoin – says cryptomonads are here to stay 
The Central Bank can release their cryptocurrencies earlier than expected
