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Li-Backed Hyphen Taps Goldman Sachs to Explore Funding Options

  • Fintech firm weighing potential SPAC listing, private round
  • Deal could value the business at more than $500 million
Richard Li in Hong Kong in 2017.
Richard Li in Hong Kong in 2017.Photographer: Paul Yeung/Bloomberg

Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is exploring funding options including a listing via a special purpose acquisition company and a private fundraising, according to people familiar with the matter.

Hyphen is working with Goldman Sachs Group Inc. to review strategic alternatives and has received interest from potential investors, the people said, asking not to be identified because the matter is private. A transaction could value the company at more than $500 million, the people said.