Maoye welcomes a different kind of shopper

The department store operator aims to raise as much as $700 million from one of the first Hong Kong IPOs this year.

Maoye Department Store is getting ready for a different kind of shopper to those browsing for fashion items or perfumes as it kicks off the pre-marketing of an initial public offering that could raise as much as $700 million.

Coming at the beginning of the year, Maoye will be hoping to catch investors at a time when they are ready to build up new exposures and, thanks to the strong performance of other players in the industry, it should have...

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