Jim Rogers-Backed China Online Brokerage Is Said to Plan IPO

Tiger Brokers, the Chinese online brokerage backed by veteran investor Jim Rogers, is planning a U.S. initial public offering that could raise about $200 million, people with knowledge of the matter said.

The company, which also counts phone giant Xiaomi Corp. as an investor, has appointed banks to arrange the stock offering, the people said, asking not to be identified because the information is private. Tiger Brokers aims to sell shares as soon as the first quarter of next year, said the people.