News Snapshot:
(Bloomberg) -- Meicai, a Chinese startup that connects restaurants with vegetable producers, has confidentially filed for an initial public offering in the U.S., according to people familiar with the matter, pushing ahead with plans to go public despite a tech selloff that has deterred other listings. The Beijing-based company is working with banks including Bank of America Corp., China Renaissance Holdings Ltd. and Morgan Stanley on the IPO and will soon start gauging investors’ appetite, the people said, asking to not be identified as the information is private. The fundraising target and valuation haven’t been decided yet, they said. Deliberations...
