Zhou Liu Fu Jewellery (HKG:6168) launched its initial public offering in Hong Kong Wednesday, looking to raise as much as HK$1.12 billion from the deal.
The Chinese jewelry company is offering up to 46,808,000 shares at an indicative price of HK$24.00 per share, according to an early morning filing on Wednesday.
Allocation results are expected to be disclosed on June 25, ahead of the company's trading debut on the bourse on June 26.
Zhou Liu Fu Jewellery attracted eight cornerstone investors, who have agreed to subscribe to HK$573 million of the shares on offer, representing 51.04% of the IPO.
Net proceeds from the offering, anticipated at approximately HK$1.02 billion, will be channeled towards the company's expansion of its sales network, strengthening of its brand, improving its product offering, for funding working capital and general corporate purposes.
CICC and China Securities International were tapped to be the deal's joint sponsors, sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, while CMB International act as overall coordinator, joint global coordinator, joint bookrunner and joint lead manager. ABC International, BOCOM International, China Galaxy International Securities, Industrial Securities International, Fosun International Securities, Futu Securities International (Hong Kong) and Tiger Brokers (HK) Global act as joint bookrunners and joint lead managers.
精彩评论