HONG KONG (Reuters) – WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, two sources with direct knowledge of the matter said.
FILE PHOTO: A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo
The Hangzhou-based company, which is backed by Tencent Holdings Ltd (0700.HK) and Goldman Sachs (GS.N), could look to raise up to $1 billion in the IPO, and could be among the first major Hong Kong listings since the coronavirus outbreak began.
WeDoctor has invited investment banks in Hong Kong and mainland China to a ‘beauty parade’, which will be held via video conferencing and in person at the company’s offices for bankers located in China, three sources said.
The company’s new chief financial officer John Cai, who is set to join from WeDoctor shareholder and…
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