Babytree is a website and platform where parents can share valuable experience on parenting. Photo: EPA

Alibaba-backed Babytree chops Hong Kong IPO by 70 per cent amid glut of new offerings and depressed stock market

  • Babytree said it plans to raise as much as US$282 million from the offering, down from its initial target of US$1 billion
  • The shares will be priced in a range between HK$6.8 and HK$8.8, with the offering starting on Thursday
Topic |   IPO

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Babytree is a website and platform where parents can share valuable experience on parenting. Photo: EPA
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Zhang Shidong

Zhang Shidong

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.

Jane Zhang

Jane Zhang

Jane Zhang joined the Post in 2017, working with the video team before moving to reporting. She covers business and political stories in Hong Kong and mainland China. Previously, Jane interned at CNN and Bloomberg Businessweek Chinese.