Tencent-Backed WeDoctor Plans IPO Filing by End of April
- Firm resumes listing plan after disruptions to prior efforts
- It raised $163 million at $7 billion valuation in September
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Tencent Holdings Ltd.-backed WeDoctor plans to file for an initial public offering by the end of April, the latest sign of increased capital activity from China’s internet companies as regulators soften their stance.
The Hangzhou-based firm is preparing to go public in either the US or Hong Kong, according to people familiar with the matter who asked not to be identified discussing private details. WeDoctor is aiming its float for the second half of this year, they added.