Deals
Alibaba-Backed Babytree Seeks Up to $282 Million in H.K. IPO
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Babytree Group, a Chinese parenting website backed by Alibaba Group Holding Ltd. and Fosun International Ltd., is seeking as much as $282 million in a Hong Kong initial public offering.
The Beijing-based company is offering 250.3 million shares at HK$6.80 to HK$8.80 apiece, according to terms for the deal obtained by Bloomberg. The deal, which is expected to price Nov. 20, includes an anti-dilution option allowing Alibaba’s Taobao China Holding Ltd. to buy additional shares at the offer price, the terms show.