La Chapelle walks the ramp to $219m HK IPO

Fashion 230x150
By Rashmi Kumar
30 Sep 2014

Shanghai La Chapelle Fashion priced its Hong Kong IPO at the bottom of the price range to raise HK$1.70bn ($219m) on September 30, as worries about the state of the Chinese economy meant investors were a bit more cautious about getting in on the action.

The company, which designs, markets and sells clothes through retail outlets focusing largely on casual wear for women, offered investors 121.579m shares at a price range of HK$13.98-HK$18.20.

This will give it a 25% float on the Hong Kong exchange, which can increase to 27.7% if sole ...

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