HK fintech firm TNG plans US IPO


HONG KONG: TNG FinTech Group Inc, a Hong Kong-based digital wallet operator, plans to seek as much as US$300mil in a US initial public offering (IPO), according to people familiar with the matter.

The company, whose investors include billionaire Henry Cheng’s NWS Holdings Ltd, is working with advisers on preparations for the proposed share sale, according to the people.

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