Chow Tai Fook IPO

Chow Tai Fook launches $2.8 billion IPO with upsize option

Chow Tai Fook Jewellery, the largest jewellery retailer in Hong Kong and China, has an option to increase the deal by 20%.
<div style="text-align: left;">
Chow Tai Fook’s IPO may be the biggest listing in Hong Kong this year (AFP)
</div>
<div style="text-align: left;"> Chow Tai Fook’s IPO may be the biggest listing in Hong Kong this year (AFP) </div>

Chow Tai Fook Jewellery is kicking off the institutional roadshow today for an initial public offering of between HK$15.75 billion and HK$22.05 billion $2 billion to $2.83 billion. The deal size is below the company’s earlier target to raise as much as $4 billion, which is a reflection of the difficult market environment. However, if the demand proves to be robust, Chow Tai Fook will be able to upsize the deal by 20% and if you add a 15% greenshoe as well, the total proceeds could reach $3.9 billion at the top of the range.

This is the same structure that AIA Group used on its IPO...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222