Baring’s Citiustech Said to File Confidentially for U.S. IPO

Citiustech, a health-care technology firm, has filed confidentially for a U.S. initial public offering, according to people familiar with the matter.

The portfolio company of buyout firm Baring Private Equity Asia is working with financial advisers as it explores a listing in New York as early as this year, the people said, asking not to be identified because the matter is private.

BPEA is also gauging interest in Citiustech from potential buyers, the people said. A sale may be preferable if the IPO plans are derailed by market volatility, one of the people said. Citiustech could be valued at more ...