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Carlyle-Backed Yupei Said to Hire Arrangers for $300 Million IPO

  • Yupei mandates Credit Suisse, Deutsche Bank to lead share sale
  • Chinese warehouse developer aims to list as early as mid-year
Updated on

Shanghai Yupei Group Co., the Chinese warehouse developer backed by Carlyle Group LP, plans to seek at least $300 million in a Hong Kong initial public offering, people with knowledge of the matter said.

The company hired Credit Suisse Group AG and Deutsche Bank AG as lead arrangers for the share sale, the people said, asking not to be identified as the information is private. The company aims to list as early as the middle of this year, according to the people.