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<IPO>BrainCo Reportedly Secretly Applies for HK IPO, Potentially Becoming 1st Listed Firm Among Hangzhou 6 Little Dragons
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BrainCo has secretly submitted a Hong Kong IPO application, and is working with CICC and UBS to prepare for the share sale, Bloomberg quoted sources as saying. The fundraising scale could reach several hundred million dollars, potentially making it the first listed company among the Hangzhou Six Little Dragons. Recent reports indicate that BrainCo has just completed a financing of approx. RMB2 billion, co-led by IDG Capital and Walden International. AASTOCKS Financial News Website: www.aastocks.com |
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