XDLong IPO at the starting block
Another Chinese sports brand expects to raise up to $127 million to use for brand promotion and expansion of its retail network.
XDLong International, China's fourth largest domestic sportswear brand in terms of sales, and the last of the top five to go public, will start bookbuilding today for an initial public offering that is expected to raise between HK$690 million and HK$990 million $88 million to $127 million.
The company is selling 25% of its enlarged share capital and the price range has been set at HK$1.38 to HK$1.98 a share. There are 500 million...
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