BEIJING, May 7 (TMTPOST)— Snowball Finance is planning an initial public offering (IPO) in the United States that could raise about $300 million and may file for it as early as this month, Bloomberg cited people familiar with the matter on Friday.
Backed by Alibaba’s fintech unit Ant Group, the Chinese social network for investors is reported to work with advisors for the IPO plan and hasn’t determined details such as deal size or timetable.