Another unique Chinese IPO opens in the US
Insurance agency CNinsure seeks to raise up to $150 million by offering investors exposure to a "new" high-growth industry.
Hot on the heels of China Digital TVÆs spectacular debut on Nasdaq two weeks ago comes another Chinese company offering unique exposure to a fast-growing industry. This time the focus is on the insurance agency and brokerage industry, which is expected to benefit from a projected compound annual growth rate of 150% in life insurance commissions in 2006-2009 and 55% growth of commissions from the non-life segment of the market.
Like China Digital TV, CNinsure Inc has a...
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