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Chinese Startup Bianlifeng Files Confidentially for U.S. IPO

  • Firm names former Goldman Sachs banker Wei as finance chief
  • Filing comes as China vows to revise overseas listing rules

Chinese convenience store chain startup Bianlifeng has filed confidentially for a U.S. initial public offering that could raise about $500 million, according to people familiar with the matter.

The Beijing-based company is working with advisers on the share sale, which could take place as soon as this year, said the people, who asked not to be identified as the information is private.