Waterdrop Inc.

General Information
Business:

Our Mission: We at Waterdrop aspire to bring insurance and healthcare service to billions through technology. (Note: Incorporated in the Cayman Islands)

Overview: We are a leading technology platform dedicated to insurance and healthcare service with a positive social impact. We are the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, or FYP, distributed in 2020, according to iResearch. Through our medical crowdfunding, mutual aid platforms, and our insurance marketplace, we have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China.

According to iResearch report, in 2019, the total healthcare service expenditures in China reached RMB7.0 trillion, among which RMB4.7 trillion was not covered by the social medical insurance, commercial insurance, or other supplemental medical protection. With Waterdrop being a trusted brand in China, we are well positioned to capture this market opportunity for insurance and healthcare service. According to a public survey conducted by iResearch, our insurance marketplace and medical crowdfunding platforms rank No. 1 in terms of brand awareness among independent third-party insurance distribution platforms and medical crowdfunding platforms respectively.

As of Dec. 31, 2020, we collaborated with 62 insurance carriers to offer 200 health and life insurance products, majority of which are jointly designed with insurance carriers, leveraging our deep understanding of the consumer demand and actuarial capabilities. Our platform is designed to be mobile-first, digitally-native, and deeply connected with insurance carriers to ensure smooth and friendly user experience throughout the process from underwriting to claim services.

 

 

Industry: Insurance agents & brokers
Employees: 4291
Founded: 2016
Contact Information
Address Block C, Wangjing Science and Technology Park No. 2 Lize Zhonger Road, Chaoyang District, Beijing People’s Republic of China
Phone Number +86 10 5339-4997
Web Address
View Prospectus: Waterdrop Inc.
Financial Information
Market Cap $4335.43mil
Revenues $464.1 mil (last 12 months)
Net Income $-101.7 mil (last 12 months)
IPO Profile
Symbol WDH
Exchange NYSE
Shares (millions): 30.0
Price range $12.00 - $12.00
Est. $ Volume $360.0 mil
Manager / Joint Managers Goldman Sachs (Asia)/ Morgan Stanley/ BofA Securities
CO-Managers ABCI/ China Merchants Securities (HK)/ China Renaissance/ CLSA/ Haitong International/ Futu/ Tiger Brokers
Expected To Trade: 5/7/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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