Warburg Pincus-Backed Geek+ Weighing $500 Million IPO
- Smart logistics firm considering U.S. or Shanghai as venues
- Beijing-based firm’s IPO could take place as soon as this year
Source: Geek+
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Chinese logistics technology company Geek+ is considering an initial public offering that could raise about $500 million, according to people familiar with the matter.
The Beijing-based specialist in robotics and artificial intelligence is working with an adviser on its share sale plans, which could happen as soon as this year, the people said, asking not to be identified as the information is private. While the firm prefers a listing in the U.S., the recent volatility in U.S.-listed Chinese stocks may affect the choice of venue, hence it is also considering Shanghai’s Nasdaq-style STAR board, two of the people said.