Deals
Qiandama Picks CICC, Morgan Stanley for Hong Kong IPO
- The IPO could raise about $500 million for business expansion
- The fresh food chain aims to list as soon as end of this year
A Qiandama store in Hong Kong.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Chinese fresh food chain operator Qiandama has picked China International Capital Corp. and Morgan Stanley to work on its planned Hong Kong initial public offering, according to people familiar with the matter.
The Guangzhou-based company is working with the banks on the IPO that could raise about $500 million, said the people, who asked not to be identified as the information is private. The share sale could take place as soon as the end of this year, they said.