Koradior opens retail books ahead of HK IPO

Koradior Holdings joins a host of other Chinese companies aiming to list in Hong Kong, and is the second retailer this week to start an accelerated roadshow.

Books have opened for lady wear retailer Koradior Holdings, the latest Chinese company seeking to list in Hong Kong amid a recent spurt of deal activity.

Koradior aims to float 125 million shares, or 25% of its enlarged share capital pre-greenshoe, and raise up to HK$564 million US$73 million by pricing the shares between HK$3.05 and HK$4.51 a unit under the lead of CIMB and Haitong. If the greenshoe option is exercised, the company could raise HK$648 million.

The Shenzhen-based company is being marketed at 2014 forward earnings of eight to 13 times, cheaper than peer Cosmo Lady, the Chinese lingerie maker...

¬ 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