Hillhouse-backed snacks retailer Bestore plans $70m Shanghai IPO

Hillhouse-backed snacks retailer Bestore plans $70m Shanghai IPO

Bestore Co., Ltd, China’s prominent snack retailer backed by Hillhouse Capital, has set the terms for its initial public offering (IPO) on Shanghai Stock Exchange, with plans to raise approximately 488 million yuan ($70 million), according to the company’s latest filing.