Chinese mass-market apparel designer and manufacturer, Shanghai La Chapelle Fashion, has raised HK$1.69 billion $219 million after pricing its Hong Kong initial public offering at the bottom of its indicative range on Tuesday.
The deal comprised 121.579 million primary shares at HK$13.98 per share, with an additional 17.62 million shares, or 14.5% of the greenshoe also allocated. CICC is global co-ordinator, with CLSA as joint bookrunner.
Despite having...