On the morning of August 11, Sina Technology learned exclusively from a person familiar with the matter with Waterdrop Inc..Waterdrop Inc. completed a new round of financing of nearly US $200 million at the beginning of this year, with an estimated value of about US $2 billion.However, people familiar with the matter did not disclose the specific investor, saying only that the leading investor was an international insurance giant.

A spokesman for Waterdrop Inc. said she would not comment on market rumors about Sina Technology's request for comment.

At the end of July, there were media reports that Waterdrop Inc. Company was preparing for IPO.Is currently in contact with Goldman Sachs Group and Bank of America Corporation to select underwriters. In the choice of listing location, the company is more inclined to the American market. Waterdrop Inc. is currently expected by the end of 2020 or early 2021, while the latest IPO valuation is $4 billion to $6 billion, according to the person familiar with the matter.

Waterdrop Inc. was founded in 2016 by Shen Peng, a former Meituan employee. Through Waterdrop Inc. Insurance, Waterdrop Inc. raising, Waterdrop Inc. Mutual Assistance and other products, the company provides pre-insurance protection for the majority of netizens, as well as medical financial assistance for low-and middle-income people.

Since 2020, the share prices of Alibaba Health Information Technology and Ping An Healthcare And Technology, which belong to the same big health category as Waterdrop Inc., have risen 151.67% and 120.4% respectively. Zhongan Online's share price, which is also an insurance technology platform, has risen more than 60 per cent year-to-date.

Waterdrop Inc. has previously completed at least four rounds of financing.

In May 2016, Waterdrop Inc. received 50 million yuan of angel round investment from Tencent, Meituan and IDG. In August 2017, Waterdrop Inc. Company completed 160 million RMB A round financing, jointly led by Tencent and Lanchi Venture Capital. In March 2019, Waterdrop Inc. Company completed the B round financing, with a total financing amount of nearly 500 million yuan, led by Tencent, Gao Rong, IDG and others. In June 2019, Waterdrop Inc. Company completed more than 1 billion yuan of round C financing, Tencent continued to follow the investment.