Ant-Backed Bike-Sharing Firm Files Confidentially for IPO Leave a comment

Previously known as HelloBike, Hello TransTech is one of the few firms to survive China’s bike-sharing bubble.

Photographer: Qilai Shen/Bloomberg

Chinese bike-sharing giant Hello TransTech has confidentially filed for a U.S. initial public offering, according to people familiar with the matter, joining a wave of technology firms seeking to take advantage of surging valuations to sell shares.

Hello TransTech, backed by Ant Group Co., has started gauging investor demand recently after submitting its filing in the U.S., the people said, asking to not be identified discussing private information. The startup is working with China International Capital Corp., Credit Suisse Group AG and Morgan Stanley for the listing, according to the people.

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