Fosun offers A-share exposure to foreign investors
The Chinese conglomerate with investments in steel, property and pharmaceuticals seeks to raise up to $1.4 billion.
Even in the midst of the flurry of Chinese companies tapping the IPO market in Hong Kong at the moment, Fosun InternationalÆs up to $1.4 billion offering stands out as something of a rarity.
A Mainland conglomerate with several listed companies in its portfolio, the IPO candidate belongs to a breed of companies which - with a few notable exceptions such as the Cheung Kong group - has lagged the broader market performance in recent years as investors have preferred...
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