Tencent-backed fintech firm Linklogis launches HK IPO to raise $1.06b

Tencent-backed fintech firm Linklogis launches HK IPO to raise $1.06b

Tencentbacked Chinese fintech firm Linklogis is aiming to raise up to $1.06 billion in its Hong Kong initial public offering (IPO) launched Friday, according to a term sheet reviewed by Reuters.

The firm, which specialises in supply chain finance technology, is selling 452.87 million shares at a price range of HK$16.28 to $HK18.28, the term sheet shows.

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