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The Chinese third-party payment service provider intends to list its shares in Hong Kong as early as next year. The deal could be valued at nearly $200 million.
The Beijing-based company is working with advisers on the possible stock offering, said the people, who asked not to be identified because the details are private. It aims to list shares next year, according to one of the people. YeePay, which works with Chinese airlines, tech companies and government agencies, has drawn investments from several prominent overseas firms since its founding about 15 years ago. TA Associates and Hong Kong-listed equipment lessor Far East Horizon Ltd. bought a stake in 2015. Silicon Valley firm Draper Fisher Jurvetson and Intel Capital China participated in the company’s 2006 funding round.
