Huize holding announces partial exercise of over-allotment option in ipo

Huize holding limited announces partial exercise of over-allotment option in initial public offering.underwriters of ipo exercised in part their over-allotment option to purchase additional 72,453 american depositary shares.underwriters of ipo purchased additional 72,453 american depositary shares of company at ipo price of us$10.50 per ads.each one ads represents twenty class a common shares of company.after giving exercise of over-allotment option, co has issued and sold total of 5,322,453 adss, for gross proceeds of about $55.9 million.
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