Deals
Chinese Startup Meicai Picks Banks for Hong Kong IPO
- Vegetable supplier is working with CICC, Citigroup and Nomura
- First-time share sale could raise $300 million to $500 million
An icon for the Meicai application.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Meicai, a Chinese startup that connects restaurants with vegetable producers, has picked banks for its proposed Hong Kong initial public offering, according to people with knowledge of the matter.
The Beijing-based company has selected China International Capital Corp., Citigroup Inc. and Nomura Holdings Inc. to work on the first-time share sale, the people said. Meicai could raise $300 million to $500 million, they said, asking not to be identified as the information is private.