Bankers this week began pre-marketing for an initial public offering of shares in Hong Kong by Baioo Family Interactive, the latest in a hot streak of Chinese technology companies seeking to float overseas.
The children’s online game operator aims to raise up to $250 million from the IPO, which is scheduled for April.
The formal roadshow is due to kick off on Monday across Asia and the US, according to bankers close to the deal. On offer will be 705.9 million primary shares, with a greenshoe option of roughly 105.9 million shares. International investors will be offered 90% of the tranche while 10% will...
¬ Haymarket Media Limited. All rights reserved.
