Yuanbao Inc. (Ticker: YB US) is a China-based, Cayman Islands incorporated holding company operating as a technology-driven online insurance distributor in China, specializing in personal life and accident & health insurance. Yuanbao plans to list its American Depositary Shares (ADS) on NASDAQ with trading expected to begin on April 30, 2025. The company is offering 2.0 million ADSs, each representing six Class A ordinary shares, priced between $13.00 and $15.00 per ADS. This offering aims to raise up to $30.0 million USD. According to reports, this IPO targets a valuation of up to $676.3 million USD. Some existing shareholders have reportedly shown interest in buying up to $17 million worth of the offered ADSs, and Qiming Venture Partners has agreed to purchase $1 million worth in a concurrent private placement. Goldman Sachs (Asia), Citigroup, and CICC are the lead managers for the offering.