Shanghai La Chapelle stitches together IPO

One of China's largest mass-market brands fails to achieve the same level of mass-market appeal for its IPO.

Shanghai La Chapelle stitches together IPO

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.

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