Citi drops Boqii’s $115m NYSE listing

By Jonathan Breen
09 Sep 2020

Chinese pet-focused e-commerce site Boqii Holding filed its listing documents for a US IPO on Tuesday, but Citigroup, one of the original lead banks on the deal, is now no longer in the syndicate.

Goldman Sachs-backed startup Boqii is aiming to raise about $115m from a New York Stock Exchange listing of American Depositary Shares (ADS).

Citi had initially been running the deal with CMB International, conducting early stage marketing for the IPO this quarter. But the US bank left the syndicate ...

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