Ant-backed bike-sharing firm Hello TransTech files confidentially for IPO

Ant-backed bike-sharing firm Hello TransTech files confidentially for IPO

HelloBike bicycles stand parked on a sidewalk in Shanghai, China, on Wednesday, Jan. 9, 2019. 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.