Alibaba-Backed Best To List Delivery Business In Hong Kong: Report


Source: ndtv.com ndtv.com

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Best has tapped Credit Suisse and JPMorgan to lead the listing process, according to sources Updated: August 12, 2020 2:32 pm IST Best went public in New York in 2017 Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter. The plans by Best, which went public in New York in 2017 and has a market value of $1.8 billion, are preliminary and the offering size and target valuation have yet to...