HONG KONG -- WeLab, a Hong Kong financial technology company backed by billionaire Li Ka-shing, is in talks with investment banks in preparation for an initial public offering expected later this year, according to five people familiar with the situation.
IPO
Hong Kong fintech unicorn WeLab seeks IPO amid virtual bank boom
Deal could value startup at up to $2bn as investors see 'good window' to list
Hong Kong's financial district. About $17.14 billion has been raised through new listings in the first three months of 2021, the best-ever start to a year. (Photo by Dean Napolitano)
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