VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
The company will sell 424 million shares at HK$5.8-7.8 apiece, according to a filing. Neither of the venture capital backers will sell shares in the offering. Founded in 2002, Zhou Hei Ya is the second-largest...
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