Yue Zhi An Mian, a company aiming to go public in Hong Kong as early as this year, plans to raise up to $5 billion through an IPO, according to people familiar with the matter. The company has appointed Bank of America as global coordinator, with CICC, Deutsche Bank, and Goldman Sachs as joint sponsors. A confidential IPO filing has been submitted, and the offering could raise between $3 billion and $5 billion. The plans are still under consideration and details may change.
Yue Zhi An Mian, a company described by sources as planning an initial public offering (IPO) in Hong Kong as early as this year, aims to raise up to $5 billion to meet strong investor demand, according to people familiar with the matter.
The company has appointed Bank of America as the global coordinator for the IPO, with additional sponsors including CICC, Deutsche Bank, and Goldman Sachs, the sources said. A confidential IPO application has been filed, and the company may raise between $3 billion and $5 billion through the sale of shares, with the listing potentially occurring this year.
The considerations are still ongoing, and details such as the offering size and timing may change, the sources added.
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