3 Tech Startups Launch IPOs That Could Raise $768M Total

Law360 (December 2, 2019, 8:17 PM EST) -- Three technology startups from China and the United States set price ranges on Monday for initial public offerings that could raise a combined $768 million, bolstering December’s pipeline with fresh IPOs guided by six law firms.

OneConnect Financial Technology Co. Ltd, advised by Cleary Gottlieb Steen & Hamilton LLP, plans to offer 36 million shares priced between $12 and $14, raising $468 million at midpoint.

Also on Monday, social media management platform Sprout Social Inc., advised by Latham & Watkins LLP, and business software company Bill.com Holdings Inc., advised by Fenwick & West LLP, set price ranges on offerings that are expected to...

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