Hong Kong: Citi joins WeDoctor’s IPO

Citigroup is to replace Credit Suisse on the US$1bn initial public offering for Tencent-backed healthtech platform WeDoctor. Credit Suisse was dropped from the deal following claims of fraud at Chinese Starbucks wannabe Luckin Coffee. Credit Suisse was one of the banks on its New York IPO last year. Shares in the coffee chain have crashed…