Qiming-backed China's ABC Technology eyes STAR Market IPO

Shanghai, China. Source: Ralf Leineweber/Unsplash

ABC Technology, a Chinese developer of AI-based fintech solutions for clients in the banking and finance sectors, has hired an investment bank to help launch its initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market.

The company had initially targeted an offshore listing in Hong Kong or another overseas board, but it decided on the STAR Market for its offering that could happen as early as the fourth quarter in 2021, according to a source familiar with the matter, who requested anonymity because the information is private.

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