Ports Design: conspicuous consumption

Dan slater talks to the man behind the fashion house as retail books open for the company''s IPO.

In this October's issue of FinanceAsia magazine, we profile Alfred Chan, CEO and president of upscale Chinese fashion house Ports Design. The company is currently in the process of completing a 35 million share IPO on the Hong Kong Stock Exchange, with pricing scheduled after New York's close on Friday.

CLSA is lead manager for the deal, which is already said to be comfortably oversubscribed by institutional investors and will raise HK$435 million $56 million at the top end of the price range, including the greenshoe. The transaction is being pitched at HK$9 to HK$10.83 per share, representing a pe ratio of 11.5 to 14 times 2003 earnings....

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