Handsome subscriptions for Belle IPO

The shoe manufacturer and retailer raises $1.1 billion and attracts more retail money than ICBC.

Belle International Holdings has priced its initial public offering at the top of the range for a total deal size of HK$8.68 billion $1.1 billion after attracting a mind-boggling $120 billion worth of orders.

On the retail side, the demand translated into a higher order value than for Industrial and Commercial Bank of ChinaÆs world record-breaking $21.9 billion IPO, making the Mainland shoe manufacturer and retailer the most popular retail offering in Hong Kong ever. ICBCÆs offer...

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