News Snapshot:
“Chinese fresh-food chain operator Qiandama is considering an initial public offering in Hong Kong as soon as this year,” Bloomberg reported, citing people familiar with the matter. Details: Qiandama may push through with a potential share sale, raising about US$400 million to US$500 million. The company could also raise US$305 million in a pre-IPO financing round, pushing the value of the firm up to US$3.81 billion. Context: Launched in 2012, Qiandama recorded over US$1.07 billion in revenue in 2019 and also runs over 2,000 stores as of July 2020. In December 2019, the company banked US$152.6 million in its series...
