Hywin Holdings reveals IPO terms

Tom Burroughes,
Group editor,

March 15, 2021

The company provides wealth management services, insurance brokerage services and wealth management services to its clients. The biggest business to date has been asset management.

Hywin Holdings, which provides asset management services, announced conditions for its IPO late last week, reports said.

The Shanghai, China-based company plans to raise $ 46 million by offering 4.2 million American securities account shares at a price range of $ 10 to $ 12. In the middle of the proposed range, Hywin Holdings would have a market value of $ 321 million, a report by Renaissance Capital mentioned in other reports.

The report said Hywin is the third largest third-party asset manager in China with a market share of 7.5 percent up to the 2019 transaction value. The company provides asset management services, insurance brokerage services, and asset management services to its clients. The biggest business to date has been asset management.

Last year, Madame Wang Dian, CEO of Hywin Wealth, spoke to this news service about the collaboration with the Hong Kong University of Science and Technology.

In July 2019, Liechtenstein-based VP Bank announced the establishment of a joint wealth management platform in Hong Kong with Hywin Wealth Management (China). In 2017, Hywin Capital (UK), part of Hywin Holdings, acquired Azure Wealth, a UK-based wealth management firm, and expanded its activities in the sector in mainland China, Hong Kong, the US and the UK. This is an example of how such Chinese organizations are entering into wealth management pacts around the world.

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