The 'Best' offering: Alibaba-backed Chinese logistics company files for a $750 million IPO
Best, an Alibaba-backed logistics company with 400 centers across China, filed on Monday with the SEC to raise up to $750 million in an initial public offering.
The Hangzhou, China-based company was founded in 2007 and has not disclosed a ticker or an exchange. Citi, Credit Suisse, Goldman Sachs, J.P. Morgan and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
The article The 'Best' offering: Alibaba-backed Chinese logistics company files for a $750 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.