Bain-Backed China Startup Newlink Considering Hong Kong IPO, Sources Say


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- Newlink Group, a Chinese energy startup that provides digital solutions to gas and electric-vehicle charging stations, is considering an initial public offering in Hong Kong that could raise $300 million to $400 million, people with knowledge of the matter said. The company is working with Morgan Stanley and China International Capital Corp. on a potential first-time share sale this year, the people said, asking not to be identified as the information is private. Deliberations are ongoing and details such as timing and fundraising size could change, the people said. Representatives for Morgan Stanley and CICC declined to comment,...