Private equity-backed Chinese menswear firm targets Hong Kong IPO
China Outfitters Holdings, a portfolio company of Orchid Asia Group Management, plans to raise $230-$300 million through an IPO in Hong Kong, Dow Jones reported, citing a person familiar with the situation.
The company, which manufactures and sells menswear, has set an indicative price range of HK$1.90-HK$2.50 per share for the offering, equating to a forward price-to-earnings ratio of 14-19x. UBS is said...
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