Chinese mass-market apparel designer and manufacturer, Shanghai La Chapelle Fashion, has raised HK$1.69 billion $219 million after pricing its Hong Kong initial public offering at the bottom of its indicative range on Tuesday.
The deal comprised 121.579 million primary shares at HK$13.98 per share, with an additional 17.62 million shares, or 14.5% of the greenshoe also allocated. CICC is global co-ordinator, with CLSA as joint bookrunner.
Despite having a strong growth story, the deal struggled against the backdrop of difficult market conditions in Hong Kong, with the Hang Seng Index down every day bar three over the past three weeks. As a result,...
¬ Haymarket Media Limited. All rights reserved.
