China Renaissance files for Hong Kong IPO with a valuation of USD 4 billion to USD 5 billion

tmtpost

tmtpost

· 2018.06.27

China Renaissance has involved in a number of most influential financing, M&A and IPO moves in China's Internet industry, including the merger of Didi and Kuaidi.

China Renaissance, an investment bank founded by Bao Fan, has filed for a Hong Kong IPO, aiming to raise as much as USD 800 million.

Details of the IPO plan are not yet in public. Informed sources say China Renaissance is targeting a valuation of between USD 4 billion and USD 5 billion. Goldman Sachs and ICBC International have been hired as joint sponsors. The IPO launch has been tentatively scheduled for October.

Since established in 2005, China Renaissance has involved in a series of most influential financing, M&A and IPO moves in China's Internet industry, including the 2015 merger of ride-hailing giant Didi Chuxing.

Over the past 13 years, China Renaissance has grown from a financial advisor to a well-known full-service investment bank, with its business range expanding from angel investment to IPO financing and M&A.

In 2012, Bao decided to transform the company to a full-service investment bank. With the establishment of China Renaissance Securities in Hong Kong, China Renaissance obtained the license from Hong Kong Securities and Futures Commission and officially started IPO and M&A deals in public market. In 2013, the company obtained a securities trader license in the US. When LightInTheBox Holding launched IPO in the US in June 2013, China Renaissance was a sponsor for its first time. In the following two years, the company was hired for most Chinese IT companies' IPO deals in the US, including JD.com, Jumei International Holding Limited, Momo, Tuniu, Leju and China Auto Rental.

-----------------------------------

The article is edited by @Yi LIU (Email: yiliu@tmtpost.com;  Mobile/WeChat: +86 13911703028). The article is published with authorization from the author @TMTpost, please note source and hyperlink when reproduce.

Follow us now on Twitter @tmtpostenglish, Medium @TMTpost and Facebook @tmtpost)

本文系作者tmtpost授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉54090 钛粉38514 钛粉80481 钛粉38730 钛粉38440 钛粉38714
430人已赞赏 >
430换成打赏总人数430人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

Oh! no

您是否确认要删除该条评论吗?

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。