Baozun seals $428m Hong Kong secondary listing

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By Jonathan Breen
24 Sep 2020

Baozun, a Nasdaq-listed e-commerce solutions provider, raised HK$3.3bn ($427.5m) from its secondary offering in Hong Kong this week, wrapping up the deal on strong international demand.

The Chinese company, backed by Alibaba Group Holding, priced its trade on Wednesday after closing the order book at 12pm. It is listing 40m class A ordinary shares on the HKEX at HK$82.90 each.

Joint sponsors and global co-ordinators Citi, CMB International and Credit Suisse began taking ...

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