L’Occitane selldown after lock-up period ends
A syndicate of banks has launched the first selldown of L’Occitane International’s stock after a six month lock-up period ended. Around 250 individual investors are selling a total of 40m shares in a deal that could raise up to HK$878m ($112m).
The price range has been set between HK$21.14 and HK$21.96 per share representing a -1.9% discount to +1.9% premium on the stocks closing price of HK$21.55 on Friday.
Bookrunners report good demand for the deal. The deal can upsize by an extra 10m shares if required, which could
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