China's HNA taps Goldman for IT firm Pactera's US listing

China's HNA taps Goldman for IT firm Pactera's US listing

The HNA Group logo is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.

The mandate for the U.S. initial public offering of Pactera, bought for $675 million in cash last year, is not yet official, the sources said, but the listing could come early next year.

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