News Snapshot:
Chinese convenience store startup Bianlifeng is looking to go public in the U.S. with an initial public offering (IPO) that could raise roughly $500 million, Bloomberg reported Thursday (July 8), saying the Beijing-based company filed for the IPO confidentiality, citing people close to the matter. Bianlifeng is working with advisors on the sale which could happen this year, the sources said, and has named former Goldman Sachs investment banker Deborah Wei as its CFO. News of the IPO filing comes as China has been taking action to curtail listings by Chinese companies in foreign markets. Regulators have stepped up their...
