Chow Tai Fook launches $2.8 billion IPO with upsize option

Chow Tai Fook Jewellery, the largest jewellery retailer in Hong Kong and China, has an option to increase the deal by 20%.

Chow Tai Fook launches $2.8 billion IPO with upsize option

Chow Tai Fook Jewellery is kicking off the institutional roadshow today for an initial public offering of between HK$15.75 billion and HK$22.05 billion $2 billion to $2.83 billion. The deal size is below the company’s earlier target to raise as much as $4 billion, which is a reflection of the difficult market environment. However, if the demand proves to be robust, Chow Tai Fook will be able to upsize the deal by 20% and if...

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