- Waterdrop went public in May 2021, raising around $360 million in gross proceeds in a U.S. IPO.
- The firm operates online marketplaces for various types of insurances and medical crowdfunding in China.
- WDH has suffered from a major change in the regulatory environment in China, as authorities have sought to concentrate and rationalize the industry.
- Although it has made progress on profitability, its revenue has contracted.
- I'm on Hold for WDH until it can demonstrate revenue growth while retaining profitability.
For further details see:
Waterdrop Turns Profitability Corner But Needs To Reignite Revenue Growth