Chinese internet services provider Ucap targets to raise $142m in STAR Market IPO

Chinese internet services provider Ucap targets to raise $142m in STAR Market IPO

Photo by Leon Seibert on Unsplash

Ucap Cloud Information Technology Co., Ltd, a provider of internet services and big data solutions, is seeking to raise nearly 995 million yuan ($142 million) in an initial public offering (IPO) on China’s Nasdaq-like STAR Market, per a company filing with Shanghai Stock Exchange.