News Snapshot:
(Bloomberg) -- Meicai, a Chinese startup that connects restaurants with vegetable producers, has picked banks for its proposed Hong Kong initial public offering, according to people with knowledge of the matter. The Beijing-based company has selected China International Capital Corp., Citigroup Inc. and Nomura Holdings Inc. to work on the first-time share sale, the people said. Meicai could raise $300 million to $500 million, they said, asking not to be identified as the information is private. The produce supplier started preparations for a Hong Kong IPO, Bloomberg News reported in July, joining Chinese firms such as Lalamove and Xiaohongshu in...
