Goodbaby China aims to deliver $161m HK IPO

The Chinese maternity, baby, and children’s product retailer hopes its multi-channel sales model will help it to attract investors despite shaky markets.

Goodbaby China broke the equity capital markets silence on Tuesday by launching Hong Kong's first initial public offering in almost two weeks.

Braving choppy market conditions, the Chinese maternity, baby, and children's products seller hopes to raise as much as HK$1.25 billion $161 million by wooing investors with a positive tale of growth. 

With global stock markets faring poorly as fears of an economic slowdown gather steam amid a slump in oil prices, conditions are hardly favourable for primary share sales, not least in Hong Kong and mainland China. The Hang Seng index fell another 2.5% on Tuesday, extending its losses so far in 2016...

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