Asian Tech Press (Jan 7) -- An executive at Tencent-backed online auto-services platform Tuhu said Friday he has not yet received any notification from the company about plans to go public in Hong Kong.

Bloomberg reported Thursday that Tuhu is planning to shift its initial public offering (IPO) to Hong Kong from the U.S., aiming to raise $300 million to $400 million, and is in discussions with Goldman Sachs and CICC on the matter.

In this regard, the person in charge of Tuhu responded that no relevant notification has been received from the company.

In 2021, Tuhu has been repeatedly rumored to be listed in the U.S., but they were officially denied.

A Tuhu insider, who did not want to be named, revealed that the company has been able to achieve sustained profitability, and its internal enthusiasm for financing is not high. He believed that IPO plans may be related to the will of the investors behind.

Established in 2011, Tuhu has received investment from Tencent and Sequoia Capital.