Alibaba-backed Chongqing Hongjiu Fruit said to initiate pre-marketing for Hong Kong IPO
Alibaba-backed Chongqing Hongjiu Fruit said to initiate pre-marketing for Hong Kong IPO

Alibaba-backed Chongqing Hongjiu Fruit said to initiate pre-marketing for Hong Kong IPO

 

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Chongqing Hongjiu Fruit, which has recently cleared the listing hearing of the Stock Exchange, will initiate the pre-marketing for its Hong Kong IPO on Thursday to gauge the sentiment of institutional investors, reported Hong Kong local news media, citing people familiar with the matter.

The company was expected to raise up to $300 million through the listing, with CICC as its sole sponsor.

Chongqing Hongjiu Fruit conducted multiple funding rounds from investors including Sunshine Life Insurance and Alibaba, which hold a stake of roughly 8% and 3.293% in the company, respectively.