Chinese consumption plays kick off IPOs
Down jacket designer Bosideng and Kappa-brand owner Dongxiang hope to raise up to $836 million and $702 million, respectively.
There is one investment concept that virtually every equity investor gets excited about and that is Chinese consumption. It doesnÆt really seem to matter what products these companies sell û as long as they are targeting the domestic market and are able to tap into ChinaÆs rising income levels and the urbanisation theme.
Not only have investors been piling into these consumption plays during their initial public offerings, but they have continued to buy them in the secondary market to...
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