Deals
Children’s Product Maker Babycare Said to Consider Hong Kong IPO
- Chinese firm’s IPO could raise $300 million to $500 million
- First-time share sale could happen as early as next year
This article is for subscribers only.
Babycare, a Chinese maker of products for young children, is exploring an initial public offering in Hong Kong, according to people familiar with the matter.
The Hangzhou-based company has held early discussions with potential advisers, the people said, asking not to be identified as the information isn’t public. A first-time share sale could happen as soon as 2023 and could raise about $300 million to $500 million, one of the people said. The company was valued at roughly $3 billion in its last round of financing, they said.