TPG, Orchid-backed Duiba raises $96.7m in HK IPO

TPG, Orchid-backed Duiba raises $96.7m in HK IPO

REUTERS/Bobby Yip/File Photo

Duiba, a Chinese enterprises solution provider backed by private equity firms TPG and Orchid Asia Group, raised HK$766.2 million ($97.6 million) by selling 127.7 million shares at HK6 apiece in its initial public offering (IPO) in Hong Kong.

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