(Updates to add Goldman declined to comment)
HONG KONG Feb 3 Guangdong Wangjin Holdings
Technology, which builds and operates online finance platforms
for Chinese banks and insurers, plans to raise at least $500
million in an initial public offering in Hong Kong in 2017, IFR
reported on Friday, citing people familiar with the plans.
Credit Suisse and Goldman Sachs are leading the IPO plan,
added IFR, a Thomson Reuters publication. The deal size hasn't
been fixed and could reach as high as $800 million depending on
valuation and the number of shares to be offered at the time of
the deal, IFR said.
Credit Suisse and Goldman Sachs declined to comment, while
Wangjin didn't immediately reply to a Reuters request for
comment on the plan.
The financial technology company would join other technology
startups planning Hong Kong listings this year, including Lufax,
China's biggest peer-to-peer lending and wealth management
platform, which plans a $5 billion IPO.
(Reporting by Fiona Lau of IFR; Writing by Elzio Barreto and