IFR quoted an unnamed source as reporting that Tencent-backed Water Drop plans to begin a pre-roadshow for an initial public offering (IPO) in the US as early as this month. The deal may raise about 500 million US dollars.
One of them said,Water Drop is seeking an IPO valuation of $4 billion to $6 billion.
Bank of America,Goldman SachswithMorgan StanleyIt is leading the way to help arrange a listing plan.