Shenzhen-based Ping An Insurance, China's second-largest life insurer, is likely to price its yuan-denominated A-shares at about US$4.26, the high end of the indicative range, according to the South China Morning Post. Ping An will raise as much as US$5.02 billion by selling 1.15 billion A-shares, based on a range of between US$4.10 and US$4.36. The listing is lower than the US$6.45 predicted by some analysts because underwriters were worried about the market performance of the stock. Although the share price has more than doubled over the past 12 months, it is down to US$4.88 from its historic intraday high of US$6.41 reached early last month. Ping An's A-shares will begin trading around March 1 on the Shanghai Stock Exchange.