Chinese FinTech Linklogis
will go public tomorrow on the Hong Kong Stock Exchange for USD 1.1 billion. Tencent
had made an early investment in the company. BlackRock and Fidelity alone will buy shares in the IPO for USD 100 million. Linklogis is China's largest provider of supply chain finance technology solutions, with a 20.6% market share. They have not been profitable in the last three years but still managed to grow 47% last year.
This briefing is contributed by and first appeared on CIMK.