Shirble raises $177 million in second IPO attempt

The Shenzhen-based department store operator sells 625 million shares at HK$2.20, the mid-point of the indicated range.

Shirble Department Store, a Shenzhen-based department store operator, has raised HK$1.375 billion $177 million from its Hong Kong initial public offering after pricing the shares at the mid-point of the indicated range.

This is Shirble’s second try at a Hong Kong listing. It planned a $130 million IPO in June but called off the deal in early July due to volatile market conditions at the time.

Compared with the IPOs of one of Shirble’s domestic...

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