BabyTree Group (SEHK:1761) will look for acquisitions. BabyTree has filed for Initial Public Offering (IPO). BabyTree estimates that they will receive net proceeds from the Global Offering of approximately HKD 1,851.4 million after deduction of underwriting fees and other estimated expenses in connection with the Global Offering and assuming the Over-allotment Option is not exercised. BabyTree intends to use the net proceeds from the Global Offering of approximately HKD 555.4 million, representing 30% of the net proceeds to fund their future investments, acquisitions and strategic alliances.