Baring Asia Said to Explore U.S. Listing for CitiusTech via SPAC

Baring Private Equity Asia is considering listing Citiustech Healthcare Technology Pvt. in the U.S. through a merger with a special purpose acquisition company, according to people familiar with the matter.

The Hong Kong-based buyout firm is working with advisers on the potential deal, said the people, who asked not to be identified as the information is private. Baring Asia could seek a valuation of about $1 billion for Citiustech in a listing, the people said.

Deliberations are at an early stage and Baring could still decide to keep the business, the people said. A representative for Baring Asia declined to ...