Deals Rumor Mill: Zhong An, Starboard, Affinity Equity

By Benjamin Horney (February 18, 2016, 4:49 PM EST) -- Zhong An Online P&C Insurance Co. is readying an initial public offering that could raise as much as $2 billion, the Wall Street Journal reported on Thursday. According to the report, Zhong An, which is China's first exclusively online insurance company, plans to go public on one of the stock exchanges near its home region this year. The company, valued at about $8 billion, has begun soliciting banks to help with its flotation plans, the report added, and banks have until early next week to make their interest known. It's not known which stock market the IPO will take place on, though one possibility is the Shanghai Stock Exchange, the report noted....

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