Yuanbao Inc. (YB) Plans to Raise $28 Million in April 30th IPO

Yuanbao Inc. (YB) plans to raise $28 million in an initial public offering on Wednesday, April 30th, IPO Scoop reports. The company will be issuing 2,000,000 shares at a price of $13.00-$15.00 per share.

In the last 12 months, Yuanbao Inc. generated $450 million in revenue and $118.6 million in net income.

Yuanbao Inc. provided the following description of their company for its IPO: “We are a holding company whose subsidiary offers insurance through agents and brokers in China. (Incorporated in the Cayman Islands)  We are a leading technology-driven online insurance distributor in the People’s Republic of China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to millions of insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023. Our engine enables us to provide customized services for each insurance consumer across personalized recommendation, purchasing, policy management, claim settlements and post-sales services. Built upon a scalable architecture, our engine is equipped with effective predictive capabilities generated from interconnected networks of models. This allows us to continually optimize model outcomes across different media channels, diverse consumer preferences and product depth and breadth. As of June 30, 2024, we had over 4,400 models supporting our operations. Our engine offers significant value propositions for insurance consumers and insurance carriers. We act as a unique and efficient gateway to distribute customized insurance products underwritten by our partnered insurance carriers. We have robust collaboration with insurance carriers by empowering them to tailor a variety of flagship insurance products, which in turn enables us to attract and retain a vast consumer base and stimulate their demand for insurance products. By accumulating and analyzing more big data, we gain deeper and wider understanding of consumer demands and behavior. Through all this, we are able to fulfill consumers’ evolving needs and enhance insurance carriers’ sales at the same time. We believe there is substantial untapped market potential for online insurance distribution. According to Frost & Sullivan, the penetration rate of online insurance sales still lags behind the penetration rate of online retail sales. Moreover, the penetration rate of online distribution for personal life and A&H insurance in China, in terms of gross written premium (“GWP”), is anticipated to double over the next five years. Driven by our engine and our market- leading position, we are well-positioned to further penetrate this rapidly growing market. Note: Net income and revenue are for the 12 months that ended Dec. 31, 2024. (Note: Yuanbao Inc. is offering 2.0 million American Depositary Shares (ADS) at a price range of $13.00 to $15.00 to raise $28.0 million, if priced at the $14.00 mid-point of its range, according to its F-1/A filing dated April 24, 2025. Each ADS represents six Class A ordinary shares.)  (Note: Yuanbao Inc. filed its F-1 for its IPO on Sept. 17, 2024, an initial public offering of American Depositary Shares (ADS), without disclosing the terms. Estimated  initial proceeds are $100 million, which could be a placeholder figure. Background: Yuanbao Inc. submitted confidential IPO documents to the SEC in November 2023.) “.

Yuanbao Inc. was founded in 2019 and has 430 employees. The company is located at Building 2, No.8 Beichen West Road, Chaoyang District, Beijing, 100101, The People’s Republic of China and can be reached via phone at +86 10 64849901 or on the web at https://www.yuanbaobaoxian.cn/.