PE-backed Zhaogang files Hong Kong IPO
Zhaogang, a Chinese B2B steel-trading platform operator that has raised more than RMB2 billion ($303 million) across five PE-backed funding rounds, has filed for a Hong Kong IPO.
The draft prospectus does not disclose the size or pricing of the offering, but the company reportedly said earlier this year that it was seeking to raise about $500 million. The largest institutional...
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