HONG KONG: QuantGroup, a financial technology (fintech) company backed by Chinese movie stars, is planning a US initial public offering (IPO) that could raise about US$200mil, according to people with knowledge of the matter.
The Beijing-based firm has asked banks to pitch for a role on the potential offering, the people said, asking not to be identified because the information is private. The deal is at an early stage, and details are yet to be finalised, the people said.
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