Hong Kong (HK)-based digital banking operator TNG FinTech Group Inc. is intending to raise $300 million in a stock market listing in the U.S.
TNG FinTech Group will use the capital raised to develop its planned virtual banking business in Hong Kong and to expand globally.
TNG FinTech, with investors including Hong Kong-based infrastructure and services provider NWS Holdings Ltd, aims to start trading next year. TNG FinTech is in discussions with advisers on preparations for the proposed share sale.
TNG, which recently raised $115 million in its Series A round of funding, has raised more than $120 million in a Series B funding round.