Report: Chinese convenience store chain startup files for US listing

Report: Chinese convenience store chain startup files for US listing

Tech in Asia·2021-07-08 17:00

“Chinese convenience store chain startup Bianlifeng has filed confidentially for a US initial public offering that could raise about US$500 million,” reported Bloomberg, citing people familiar with the matter.

Details:

The Beijing-based company’s sale could happen within the year, but the offer size and timeline are not yet finalized.Former Goldman Sachs investment banker Deborah Wei has been named by the startup as its chief financial officer.

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