News Snapshot:
By P.R. Venkat Tencent-backed Linklogis Inc. will raise 7.71 billion Hong Kong dollars (US$989.1 million) in net proceeds from an initial public offering in Hong Kong, to join the list of firms tapping the active fund-raising market. The Shenzhen-based supply chain financing platform that sold 452.8 million shares has set the IPO price at HK$17.58 a piece, Linklogis said Thursday. The company had already secured investments from investors like BlackRock Inc., Fidelity and Sequoia Funds, who had agreed to subscribe to a portion of shares of Linklogis ahead of the IPO. Shares of Linklogis will start trading on the Hong...
