Baring Asia mulls listing CitiusTech in US via SPAC merger

Photo by Hush Naidoo on Unsplash

Baring Private Equity Asia is considering listing Citiustech Healthcare Technology Pvt. in the U.S. through a merger with a special purpose acquisition company, according to people familiar with the matter.

The Hong Kong-based buyout firm is working with advisers on the potential deal, said the people, who asked not to be identified as the information is private. Baring Asia could seek a valuation of about $1 billion for Citiustech in a listing, the people said.

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