Patsnap, an intellectual-property data provider, is mulling a dual listing in the Hong Kong Special Administrative Region and Singapore, according to people familiar with the matter.

The company is considering raising between $300 million and $400 million from the share sales, the people said, asking not to be identified because the information is private.

Deliberations are ongoing, and details such as the listing size, timing and venues are still under discussion, the people added. Patsnap didn’t reply to a request for comment.

Founded in 2007, Patsnap provides data and analytics on intellectual property and says it works with more than 15,000 companies. Backers include HongShan Capital Ltd — formerly Sequoia China — SoftBank Group Corp and Tencent Holdings Ltd. 

The city currently has more than 350 companies waiting to sell shares, Hong Kong Exchanges & Clearing Ltd Chief Executive Officer Bonnie Chan said in an interview last week.

Meanwhile, first-time share sales in Singapore climbed to a six-year high in 2025. The city-state has started handing out part of the S$5 billion ($3.9 billion) it plans to invest in local stocks to selected fund managers to cement an equity-market revival.