Hillhouse-backed Chinese pet clinic New Ruipeng picks banks for $500m IPO

Hillhouse-backed Chinese pet clinic New Ruipeng picks banks for $500m IPO

New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter.

The Chinese pet clinic operator picked China International Capital Corp., Credit Suisse Group AG and Morgan Stanley for the planned listing, which could take place as soon as early next year, the people said. The company is considering Hong Kong or the U.S. as a potential listing venue but hasn’t made a final decision, said the people, asking not to be identified as the information is private.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter