Fosun IPO set to broaden Hong Kong equity markets

Acquisitive conglomerate launches an IPO for Israel-based Sisram Medical, a company it acquired four years ago during the early stage of China’s overseas M&A boom.

Fosun IPO set to broaden Hong Kong equity markets

Fosun Group is on course to plant a new marker for Hong Kong’s equity markets following the launch of an initial public offering in Sisram Medical this Thursday.

The IPO, which will raise up to HK$1.35 billion $174 million, is the first example of a Chinese company listing one of its offshore assets back home. It will also represent the first Israeli company to list in Hong Kong.

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