Shirble returns with enlarged IPO

The Shenzhen-based department store operator is looking to raise as much as $205 million, up from a maximum $130 million during a previous listing attempt in July.

Shirble Department Store Holdings, which delayed a $130 million Hong Kong listing plan in early July, is returning to the market with hopes of raising more capital than its maximum target four months ago. The Shenzhen-based department store operator will kick off the institutional bookbuilding today.

The company is now looking to tap the market for between HK$1.16 billion and HK$1.59 billion $149 million to $205 million, which compares with the $102 million to $130 million that it attempted to raise last time around. 

It’s hardly a surprise that Shirble has decided to return to the Hong Kong equity market at this time. The recent stockmarket rally, which has...

¬ 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 subscription (2-5 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 subscription (2-5 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