Cheche Group officially landed on the New York Stock Exchange
2023-09-20

On September 18, Cheche Group Inc. (“Cheche Group”) has recently completed its merger with the Special Purpose Acquisition Company (SPAC) Prime Impact Acquisition I, officially listed on the New York Stock Exchange, the stock code is "CCG" and "CCGWW". The US listing of Cheche Group is the first overseas listing project containing the VIE structure to complete the filing procedure of the China Securities Regulatory Commission in accordance with the Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies.

 

Cheche Group is an industry-leading insurtech company that provides a nationwide network of complete services and products for digital insurance transactions and insurance SaaS solutions in China. The company's business covers online insurance transactions, insurance intermediary SaaS system enabling, AI intelligent pricing assistance system research and development, new energy auto insurance services, green auto insurance innovation, etc.

 

In this listing, Wilson Sonsini Goodrich & Rosati, Han Kun Law Offices acted as the company's U.S. legal counsel and China legal counsel respectively. Goodwin Procter and Zhong Lun Law Firm provided legal advice to Prime Impact. Jingtian & Gongcheng participated in the transaction as legal counsel to the investor World Dynamic.