(Bloomberg) -- Anta Sports Products Ltd., a Chinese
maker of sports shoes, may raise as much as HK$3.17 billion ($405
million) in a Hong Kong initial public offering, according to two
people with direct information.
The company will sell 600 million new shares, equivalent to
a 25 percent stake, at HK$4.28 to HK$5.28 each, said the people,
declining to be identified before an official statement. The high
end of the range values the Jinjiang, Fujian province-based
company at 19.7 times its 2008 estimated earnings, they said.
Read more at Bloomberg Emerging Markets News
maker of sports shoes, may raise as much as HK$3.17 billion ($405
million) in a Hong Kong initial public offering, according to two
people with direct information.
The company will sell 600 million new shares, equivalent to
a 25 percent stake, at HK$4.28 to HK$5.28 each, said the people,
declining to be identified before an official statement. The high
end of the range values the Jinjiang, Fujian province-based
company at 19.7 times its 2008 estimated earnings, they said.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment