TRX Insurance Brokers, a Chinese insurance brokerage, has filed with the Securities and Exchange Commission to raise up to $15m in an initial public offering on Nasdaq.
The company has brokerage relationships with more than 40 insurance carriers across China and operates a number of subsidiaries, according to a report in Seeking

The company’s primary offerings include:

Property & casualty insurance for auto, commercial property and liability

Life insurance for individuals and groups.

The company currently has eight branches in Tier 1 cities and markets to customers via a dedicated direct sales.

TIRX plans to use part of the IPO proceeds to expand its network to more than ten branches within the PRC by early 2020, to eventually become a leading national insurance intermediary company.

The Beijing-based company was founded in 2010 and booked $3m in sales for the 12 months ended 31 October 2018. No IPO pricing terms were disclosed.

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