Business & Finance
Temasek, Morgan Stanley Are Said to Eye Adtek Pre-IPO Investment
Key Points
Temasek, Morgan Stanley Are Said to Eye Adtek Pre-IPO Investment Shenzhen Adtek Technology Co. is close to raising up to 2 billion yuan ($296 million) in a private fundraising round ahead of its planned initial public offering in Hong Kong, according to people familiar with the matter. Singapore state investor Temasek Holdings Pte, Morgan Stanley’s private equity arm, and Asian investment firm CPE are likely to participate in the round, the people said, asking not to be identified because...
Temasek, Morgan Stanley Are Said to Eye Adtek Pre-IPO Investment
Shenzhen Adtek Technology Co. is close to raising up to 2 billion yuan ($296 million) in a private fundraising round ahead of its planned initial public offering in Hong Kong, according to people familiar with the matter.
Singapore state investor Temasek Holdings Pte, Morgan Stanley’s private equity arm, and Asian investment firm CPE are likely to participate in the round, the people said, asking not to be identified because the deliberations are private.