maoye-welcomes-a-different-kind-of-shopper

Maoye welcomes a different kind of shopper

The department store operator aims to raise as much as $700 million from one of the first Hong Kong IPOs this year.
Maoye Department Store is getting ready for a different kind of shopper to those browsing for fashion items or perfumes as it kicks off the pre-marketing of an initial public offering that could raise as much as $700 million.

Coming at the beginning of the year, Maoye will be hoping to catch investors at a time when they are ready to build up new exposures and, thanks to the strong performance of other players in the industry, it should have few problems attracting their attention. Whether investors will also open their wallets will depend to a large extent on the valuation, but the strong reception for a placement in Parkson Retail Group earlier this week...
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