Tencent-Backed Miaoshou Weighs $500 Million Hong Kong IPO


Source: bloomberg.com bloomberg.com

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CLSA Ltd. and Goldman Sachs Group Inc. on the potential share sale, the people said. An offering could happen as soon as this year, said the people, asking not to be identified as the information isn’t public. Separately, Miaoshou Doctor is also looking to raise about $200 million to $300 million in a funding round before the first-time share sale, they said. Details of the IPO including size and timeline could still change as deliberations continue, the people said. Representatives for CLSA and Goldman Sachs declined to comment, while a representative for Miaoshou Doctor didn’t immediately respond to requests for...