Crystal, China Literature take HK spotlight for IPOs

Crystal International Group intends to start taking orders for its $574m Hong Kong IPO on Tuesday at a valuation of up to 15 times earnings, according to bankers close to the matter.

  • By John Loh
  • 16 Oct 2017

The clothing manufacturer expects to market its shares at HK$7.30 to HK$8.80 each, and will offer an 18% float in the base deal. The price range will raise the company between $476m to $574m.

Joint sponsors and global co-ordinators HSBC and Morgan Stanley are pitching the company at ...

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