Tencent-backed MissFresh is said to weigh US$500 million US IPO

Source: scmp.com scmp.com

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Beijing MissFresh Ecommerce Co, an online grocery delivery start-up, is considering a US initial public offering that could raise at least US$500 million, according to people familiar with the matter. The Tencent Holdings Ltd-backed company is working with advisers on the preparations for the offering, which could take place as soon as this year, the people said. MissFresh could look to raise as much as US$1 billion in the share sale though deliberations are still at an early stage, said the people, who asked not to be identified as the discussions are private. No final decisions have been made on...