Market Chatter: Alibaba-Backed Zelos Technology Weighs $600 Million Hong Kong IPO

MT Newswires Live13:07

Zelos Technology, backed by Alibaba (HKG:9988), is weighing a Hong Kong listing that could raise around $600 million, Bloomberg reported, citing people familiar with the matter.

The robovan operator, formally known as Jiushi Suzhou Intelligent Technology, has begun engaging banks as it explores a potential share sale, the report said.

Key terms of the deal, including size and timing, have yet to be finalized and remain subject to change, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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