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...

To continue reading, please login or register for free

Click for more on: xdlong | ipo | starting | block

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...