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Tencent-backed Linklogis files for $1bn Hong Kong IPO

Chinese fintech provider has presence in Singapore digital banking

HONG KONG -- Tencent Holdings-backed fintech company Linklogis Inc. is seeking as much as 8.28 billion Hong Kong dollars ($1.07 billion) in an initial public offering in Hong Kong.

Shenzhen-based Linklogis is selling 452.9 million shares at HK$16.28 to HK$18.28 each, according to its prospectus. The share sale started on Friday and will take subscriptions until March 31 when a final price will be set. The shares are scheduled to begin trading on April 9.

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