Ruipeng pet clinics picks banks for IPO to value firm at $4.4bn
Boehringer Ingelheim and Tencent Holdings as investors took part in fundraising round
06 October 2020 - 11:53
Hong Kong — New Ruipeng Pet Healthcare Group has chosen banks to lead an initial public offering (IPO) that could raise more than $500m, according to people familiar with the matter.
The Chinese pet clinic operator picked China International Capital (CICC), Credit Suisse and Morgan Stanley for the planned IPO, which could take place as soon as early next year, the people said. The company is considering Hong Kong or the US as a potential listing venue but hasn’t made a final decision, said the people, asking not to be identified as the information is private...
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