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Linklogis Inc. Set to Raise US$989 Million in Hong Kong IPO

Provided by Dow Jones By P.R. Venkat Tencent-backed Linklogis Inc. will raise 7.71 billion Hong Kong dollars (US$989.1 million) in net proceeds from an initial public offering in Hong Kong, to join the list of firms tapping the active fund-raising market. The Shenzhen-based supply chain financing platform that sold 452.8 million shares has set the IPO price at HK$17.58 a piece, Linklogis said Thursday. The company had already secured investments from investors lik...
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