Baidu (9888 HK)-backed Biomap is set to work with CICC, Morgan Stanley and UBS, and is said to confidentially file for Hong Kong IPO

Baidu (9888 HK)-backed Biomap is set to work with CICC, Morgan Stanley and UBS, and is said to confidentially file for Hong Kong IPO.

Baidu-backed Biomap's confidential filing for a Hong Kong IPO, in collaboration with major banks like CICC, Morgan Stanley, and UBS, signifies a strong move into the capital markets. This development could signal growing investor interest in tech and media opportunities in Asia, potentially lifting related equities and index sentiments, especially given the backdrop of vibrant IPO activity in the region.