Chinese Fresh Food Chain Qiandama Weighs Hong Kong IPO
- An offering could raise about $400 million to $500 million
- Company is planning to raise 2 billion yuan in pre-IPO round
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Chinese fresh food chain operator Qiandama is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter.
The Guangzhou-based company had discussed a share sale with potential advisers, said the people, who asked not to be identified as the information is private. An offering could raise about $400 million to $500 million, one of the people said.