Deals
Tencent-Backed Plastic Surgery App SoYoung Files for U.S. IPO
- SoYoung’s share sale could raise around $300 million
- Offering could take place as soon as middle of this year
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SoYoung, a Chinese cosmetic surgery website backed by Tencent Holdings Ltd., has filed confidentially for a U.S. initial public offering, according to people with knowledge of the matter.
The firm could raise around $300 million in the planned offering, the people said, asking not to be identified because the information is private. SoYoung could sell shares as soon as the middle of the year, said the people.