Bra supplier eyes firm support for IPO

Lingerie fabrics supplier Best Pacific International – whose customers include Victoria’s Secret and Marks & Spencer – wants to float in Hong Kong.

China's Best Pacific International Holdings will try to raise as much as HK$625 million $80 million later this week by floating its shares in Hong Kong as it seeks to satisfy Asia's growing lust for lingerie.

Best Pacific which supplies Marks Spencer, Spanx and Victoria’s Secret with bra and other lingerie fabrics is looking to price 250 million primary shares at between HK$1.85 and HK$2.50 to help fund its expansion.

The shares, which represent 25% of its capital, value the company at between HK$1.85 billion and HK$2.5 billion. CCB International is the lead bookrunner and the shares are expected to...

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