Deals
Bain Capital Plans IPO of Chinese Data-Center Operator
- Private equity firm asks banks to pitch for role on share sale
- Bain seeks public listing for Beijing-based ChinData next year
Photographer: Krisztian Bocsi/Bloomberg
This article is for subscribers only.
Bain Capital is planning an IPO of Chinese data-center operator ChinData Group, people familiar with the matter said.
The private equity firm has asked investment banks to pitch for a role on the share sale, which could take place next year, according to the people, who asked not to be identified because the information is private. Any deal would value the company at more than $1 billion, though precise targets haven’t been set, the people said.