Peak Sport Products prices IPO above mid-point

Raising $222 million, Peak Sport is the second sportswear company to complete a Hong Kong IPO this year.

Chinese sportswear company Peak Sport Products has raised HK$1.7 billion $222 million ahead of its listing on September 29. It is the second sportswear company to list in Hong Kong this year.

The deal priced at HK$4.10, just above the mid-point of an indicative range that went from HK$3.55 to HK$4.55 a share. The offering of 419.5 million new shares represents 20% of the company. If the 15% greenshoe is fully exercised, another 62 million shares...

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