Skadden, Arps, Slate, Meagher & Flom and Cleary Gottlieb Steen & Hamilton have the lead roles on a planned $1.5 billion initial public offering by Chinese internet insurer ZhongAn Online Property and Casualty Insurance Co. Ltd.
According to regulatory filings with the Hong Kong Stock Exchange, Shanghai-based ZhongAn plans to raise as much as $1.5 billion on a listing slated for Sept. 28. That will value the financial technology company at $11 billion .
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