Bain-Backed China Startup Newlink Considering Hong Kong IPO, Sources Say
- Company could seek $300 million to $400 million from listing
- Firm working with Morgan Stanley, CICC for 2022 share sale
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Newlink Group, a Chinese energy startup that provides digital solutions to gas and electric-vehicle charging stations, is considering an initial public offering in Hong Kong that could raise $300 million to $400 million, people with knowledge of the matter said.
The company is working with Morgan Stanley and China International Capital Corp. on a potential first-time share sale this year, the people said, asking not to be identified as the information is private.