QualityStocksNewsBreaks – Zhibao Technology Inc. (NASDAQ: ZBAO) Closes on $6M Initial Public Offering
Zhibao Technology (NASDAQ: ZBAO), a leading and high-growth InsurTech company primarily providing digital insurance brokerage services through its operating entities in China, recently announced the closing of its initial public offering. The offering consisted of 1,500,000 Class A ordinary shares, each at $4.00, for aggregate gross proceeds of $6,000,000 before deductions. According to the announcement, 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…
