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.

Despite having...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: cicc | clsa | haitong | ipo | consumer

Print Edition

FinanceAsia Print Edition