Deals
Citi Replaces Credit Suisse on WeDoctor IPO Role
- Citi to work alongside JPMorgan and CMB International on IPO
- WeDoctor IPO was expected to take place before end of 2020
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Citigroup Inc. has been picked for a top role on WeDoctor’s Hong Kong initial public offering, replacing Credit Suisse Group AG, according to people with knowledge of the matter.
Citi will now work alongside JPMorgan Chase & Co. and CMB International Securities Ltd. to lead the share sale of one of China’s top online health-care startups, the people said, asking not to be identified because the matter is private. Credit Suisse has dropped off from the deal recently, Bloomberg News reported earlier this week.