PatSnap considers Hong Kong, Singapore dual listing, Bloomberg reports

Singapore-based intellectual property data provider PatSnap is considering a dual listing in Hong Kong and Singapore that could raise between US$300 million (HK$2.34 billion) and US$400 million, Bloomberg News reported, citing people familiar with the matter.

Founded in 2007, PatSnap provides intellectual property data and analytics to more than 15,000 clients worldwide, including Spotify Technology SA and Xiaomi (1810), according to the report.

The company's investors include Tencent (0700), Sequoia Capital and SoftBank Group, Bloomberg said.