Wednesday 21 November 2018
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todayonline - 3 month ago

Alibaba-backed online parenting firm Babytree eyeing up to $1 billion HK IPO - sources

HONG KONG (Reuters/IFR) - China s leading online parenting firm Babytree Group, backed by e-commerce giant Alibaba Group BABA.N , plans to raise up to $1 billion in a Hong Kong initial public offering (IPO) in October, people close to the transaction told Reuters. Babytree, which also counts conglomerate Fosun International 0656.HK among its backers, is looking to raise $800 million to $1 billion from the float, the people said on condition of anonymity as the plans have not been made publi

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