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Tencent-Backed Linklogis Seeks $1.1 Billion in Hong Kong IPO

  • Company is selling shares at HK$16.28 to HK$18.28 each
  • Linklogis aims to price offering March 31; debut on April 9
Baidu Begins Trading on the Hong Kong Stocks Exchange
Photographer: Paul Yeung/Bloomberg

Chinese fintech company Linklogis Inc., backed by Tencent Holdings Ltd., is seeking to raise HK$8.3 billion ($1.07 billion) from an initial public offering in Hong Kong.

The Shenzhen-based company is selling 452.9 million shares at HK$16.28 to HK$18.28 apiece, according to a filing to the Hong Kong stock exchange on Friday. The company plans to price the offering on March 31 and list on the exchange April 9.