China Fordoo prices HK IPO at midpoint

Menswear company China Fordoo priced its shares in the middle of its range in its HK IPO, with an attractive valuation and positive growth story key selling points.

China Fordoo prices HK IPO at midpoint
Kwok Kin Sun, CEO and chairman of China Fordoo

Menswear firm China Fordoo Holdings raised $60.4 million on Thursday after selling 120 million shares above the midpoint in its Hong Kong initial public offering.

The pricing at HK$3.90 per unit was in the middle of an indicative HK$3.35 to HK$4.40 range and represents 25% of the enlarged share capital, valuing the company at $241.5 million, according to a term sheet. The shares sold are all primary.

Both the...

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