Tongcheng-Elong aims for $232m, Babytree pulls IPO

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Tongcheng-Elong aims for $232m, Babytree pulls IPO

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Two Hong Kong IPO hopefuls have taken different approaches to their transactions. Tencent-backed Tongcheng-Elong Holdings launched its smaller listing of up to HK$1.8bn ($232.4m) on Tuesday, while Babytree has put its planned float on hold.

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