Zhibao Technology Inc

Earnings data Q2 2024

Zhibao Technology, Inc. is a holding company, which engages in the provision of digital insurance solutions. It offers insurance brokerage and managing general underwriting services. The company was founded by Bo Tao Ma on January 11, 2023 and is headquartered in Shanghai, China.

Shanghai, China, May 15, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (Nasdaq: ZBAO) (“Zhibao” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that it issued an additional 23,765 Class A ordinary shares of the Company pursuant to the partial exercise of the underwriters' over-allotment option in connection with the Company's initial public offering at $4.00 per share, resulting in additional gross proceeds of $95,060.

Zhibao Technology Inc. Announces Closing of Underwriters' Over-Allotment Option in Connection with Its Initial Public Offering

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Shanghai, China, April 03, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (Nasdaq: “ZBAO” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced the closing of its initial public offering ("Offering”) of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per Class A ordinary share for aggregate gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 Class A ordinary shares to cover the over-allotment at the public offering price, less underwriting discounts and commissions. The Class A ordinary shares began trading on the Nasdaq Capital Market on April 2, 2024 under the symbol "ZBAO."

Zhibao Technology Inc. Announces Closing of Initial Public Offering

Shanghai, April 01, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (“ZBAO” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, announced today the pricing of its initial public offering (the “Offering”) of 1,500,000 Class A ordinary shares at a price of $4.00 per share to the public for a total of $6,000,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses.

Zhibao Technology Inc. Announces Pricing of Initial Public Offering

Zhibao Technology Inc. files for a $9.2 million IPO to raise capital for its digital insurance brokerage services in China. The company has shown strong revenue growth but at a decelerating rate. The Chinese market for embedded insurance is expected to reach $270 billion by 2030, presenting a significant opportunity for Zhibao Technology.

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