According to people familiar with the matter, Ruisheng Coffee of China has approached three banks such as Credit Suisse (CSGN.S) to arrange an initial public offering (IPO) in the United States this year.
The source said that Goldman Sachs (GS.N) and Morgan Stanley (MS.N) also provided advice on Ruixing Coffee to prepare for the IPO. One of the sources said that Richter's target IPO was valued at about $3 billion.
Another source said Credit Suisse was the only bank to officially qualify for the IPO, possibly in early May or June, or in the second half of this year.
Rachel Coffee, Credit Suisse and Morgan Stanley did not immediately respond to requests for comment. Goldman Sachs declined to comment.
Hot Model No.: