La Chapelle kicks off roadshow ahead of HK IPO

The Chinese retailer aims to raise up to $328 million in a flotation of its shares. The IPO comes as sentiment on Chinese consumers sours amid staggering growth.
An online ad for La Chappelle's mid-range fashion
An online ad for La Chappelle's mid-range fashion

La Chapelle Fashion has kicked off a roadshow ahead of its Hong Kong initial public offering, which could net the Shanghai-based retailer up to $328 million.

There will be 121.6 million shares on offer, representing 25% of enlarged share capital, with the issuer looking to price the shares between HK$13.98 to HK$18.20 per unit. All of the shares will be primary. A greenshoe option will add on an additional 15% to the base offering, according to a term sheet.

The base deal is $286 million, but should demand warrant it, an exercised greenshoe option would bring the total deal to $328 million. Depending on where...

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