By Benjamin Horney ( February 25, 2019, 5:00 PM EST) -- Ping An Insurance (Group) Co. is planning a initial public offering for OneConnect, a unit that provides cloud computing and other tech-related services to small and medium-sized financial institutions, and the flotation could value the business at around $8 billion, Bloomberg reported on Monday. According to the report, a Hong Kong listing for OneConnect could take place by the second half of this year and could raise around $1 billion. Ping An had intended to take OneConnect public last year, with an aim of raising up to $3 billion, but decided to wait on the IPO due to market conditions, the report said....
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