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SoftBank's Vision Fund considers $500 million investment in ZhongAn IPO - IFR

Reuters  |  HONG KONG 

HONG KONG (Reuters) - SoftBank Vision Fund, the world's largest private equity fund, is considering a $500 million investment in the Hong Kong initial public offering of ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, IFR reported on Thursday, citing people close to the deal.The fund is likely to be a so-called cornerstone investor in ZhongAn's up to $1.5 billion IPO, added IFR, a Thomson Reuters publication. The IPO, the biggest by a financial technology company in the city, is expected to launch as early as Sept. 18.SoftBank and ZhongAn declined ...

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First Published: Thu, September 14 2017. 11:57 IST