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Why Ping An’s Blockchain Subsidiary Slashed its IPO Valuation by 70%

OneConnect, the blockchain arm of China’s largest insurance fund, Ping An, announced yet another cut off its expected valuation on the launch of its IPO as shares traded between $9 and $10 USD at opening. The company raised a total of $312 million USD in the IPO on Friday, bringing the total valuation of the

OneConnect, the blockchain arm of China’s largest insurance fund, Ping An, announced yet another cut off its expected valuation on the launch of its IPO as shares traded between $9 and $10 USD at opening. The company raised a total of $312 million USD in the IPO on Friday, bringing the total valuation of the