Chinese IPO

Hongguo sets offer price for $208 million IPO

Chinese shoemaker and retailer Hongguo offers its IPO shares at a discount to domestic competitors as it aims to raise up to $208 million in Hong Kong.
<div style="text-align: left;"> The latest designs from one of Hongguo's own brands, E-Blan </div>
<div style="text-align: left;"> The latest designs from one of Hongguo's own brands, E-Blan </div>
September 12, 2011

Hongguo International Holdings, a Chinese shoemaker and retailer, started taking orders on Friday for a Hong Kong IPO that could allow the company to raise HK$1.62 billion ($208 million).

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