Tencent-backed pet clinic operator New Ruipeng files for $100m US IPO

Tencent-backed pet clinic operator New Ruipeng files for $100m US IPO

New Ruipeng Pet Healthcare Group

New Ruipeng Pet Group, a Chinese pet clinic operator backed by Tencent and Hillhouse Capital, has filed to raise $100 million in an initial public offering in the US.

The Shenzhen-based operator of a network of over 1,900 pet hospitals in China plans to list its American depositary shares (ADS) on Nasdaq under the symbol RPET, according to its heavily redacted filing.

Edited by: Padma Priya

Bring stories like this into your inbox every day.

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