U-BX Technology Raises $10 Million in Funding for Nasdaq Listing and Continues Expansion in the Insurance Industry

U-BX Technology, a company that specializes in providing services to insurance companies in China, has recently raised $10 million by selling 2 million shares at $5 each. The company’s offerings include digital promotion services, risk assessment services, and value-added bundled benefits. U-BX Technology is able to generate customized risk reports based on various factors such as the vehicle brand, model, travel area, and vehicle age using its unique algorithmic model.

The company serves over 300 city-level property and auto insurance carriers across China as well as around 200,000 insurance brokers who rely on its products and services for their daily operations. In order to reach even more clients and expand its business further, U-BX Technology is planning to list on the Nasdaq stock exchange under the ticker symbol UBXG. The deal was managed by EF Hutton who acted as the sole bookrunner for the offering.

U-BX Technology’s successful fundraising round and plans for a Nasdaq listing demonstrate the company’s growth and success in the insurance industry in China. With its unique approach to risk assessment and customized solutions, U-BX Technology is well positioned to continue growing and expanding its business in the years ahead.