Caixin
Sep 13, 2018 07:45 PM
FINANCE

Investment Banking Upstart Eyes $377 Million IPO in Hong Kong

Fan Bao, chairman and CEO of China Renaissance Group. Photo: VCG
Fan Bao, chairman and CEO of China Renaissance Group. Photo: VCG

*Boutique investment bank China Renaissance is known for its involvement with mergers and initial public offerings in the tech sector

*In the first three months of this year, its operating expenses jumped 51.6% from a year ago, with salaries as the biggest single expense as it poaches talent to stay competitive

China Renaissance Group Holdings Ltd., a young investment bank that has worked on several deals with tech unicorns, wants to raise up to $377 million through a Hong Kong initial public offering (IPO), Caixin has learned.

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